Mark Cuban has once again taken to social media—this time targeting former Secretary of State Mike Pompeo—accusing him of supporting pharmacy benefit managers , which Cuban blames for high drug prices and the closure of independent pharmacies.Cuban was responding to an op-ed written by Pompeo on Fox News, in which the former secretary of state argued that the Biden administration's policies targeting PBMs will raise prescription drug costs for Americans.
'This is why you tell your CEO they are getting ripped off by their PBM and they need to change to a Pass Through PBM,' he wrote.The billionaire owner of the Dallas Mavericks has been vocally critical of PBMs, which he argues play a significant role in inflating drug prices and distorting the pharmaceutical market.He founded the Mark Cuban Cost Plus Drug Company, an online pharmacy aiming to provide medications at lower prices through a transparent pricing model.
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