Amazon, Mark Cuban drug company partner with Blue Shield of California to overhaul prescription drug system

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 53%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Blue Shield of California is working with Amazon and Mark Cuban's drug company to transform the prescription drug system, which rewards stakeholders for selling higher priced drugs.

will team up with Amazon and Mark Cuban's drug company to fix what it says is a "broken prescription drug system" and to provide more affordable care.

To do so, Blue Shield of California, a nonprofit health plan, announced a new pharmacy care model Thursday that will change the way medications are purchased and supplied to its 4.8 million members. The current system "rewards some stakeholders for selling more drugs at higher costs," Blue Shield said. The nonprofit wants to change that.

"The current pharmacy system is extremely expensive, enormously complex, completely opaque, and designed to maximize the profit of participants instead of the quality, convenience and cost-effectiveness for consumers," Blue Shield of California CEO Paul Markovich said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines