Why Mark Cuban Is Selling Anti-Fungal Ointment for $7.34

Mark Cuban, the tech titan, Dallas Mavericks owner, and star of ABC’s Shark Tank, moves through the world like a friendly great white, all teeth and eyes and relentless motion. When we meet on an October morning at his office in the Mavericks’ headquarters, the serial entrepreneur, 64, is wearing a long-sleeved T-shirt advertising his last investment: Mark Cuban Cost Plus Drug Co. I was there to find out why a guy who’s made billions in tech, won an NBA championship, and become perhaps the most popular businessman on reality TV was spending his time and fortune hawking generic anti-fungal medications online for $7.34. [time-brightcove not-tgx=”true”] “To f–k things up,” Cuban explains. “That’s what capitalism is all about. Capitalism isn’t just, ‘Everybody should make as much money as they can.’ Capitalism is about finding solutions to problems and seeing what you can do to solve them.” Cost Plus Drugs, which launched in January, is Cuban’s attempt to prove that disruption can be a form of benevolence. The for-profit online pharmacy aims to undercut the health care industry by selling generic drugs for everything from asthma to glaucoma to rheumatoid arthritis for a fraction of the typical price. Cuban likes to say that the company’s real product is transparency: in an industry where hospitals can sell cancer drugs at a 600% markup, Cost Plus sells generic medications for the...
Source: TIME: Health - Category: Consumer Health News Authors: Tags: Uncategorized Health Care Magazine uspoliticspolicy Source Type: news