Ep 30 - Mark Cuban on Cost Plus Drugs, Hims & Hers, and the Future of Healthcare
Description
In Hims House episode 30, Jonathan Stern and Patrick Lester are joined by legendary entrepreneur Mark Cuban. The discussion kicks off with Mark unpacking why the healthcare system is so dysfunctional -- explaining how pharmacy benefit managers (PBMs) and the lack of transparency drive high drug prices. He shares his journey from a healthcare novice to launching Cost Plus Drugs, which aims to offer cheaper, more transparent pharmaceutical options. The episode also touches on the comparison between Hims & Hers and Cost Plus Drugs, potential legislative reforms, the importance of brand in healthcare, whether "personalized" medicine is merely marketing speak, and what Mark thinks about the future of healthcare and wearables.
00:00 Introduction
02:10 The Broken Healthcare System
02:47 Mark Cuban's Journey into Healthcare
06:12 The Role of Pharmacy Benefit Managers (PBMs)
19:31 Cost Plus Drugs: Transparency and Trust
26:57 Comparing Cost Plus Drugs and Hims & Hers
31:31 The Future of Insurance-Covered Drugs
33:09 Personalization in Healthcare
34:57 The Importance of Brand
43:42 International Expansion Strategies
50:22 Policy & Tariffs Impact
55:43 The Role of Tech, AI, and Wearables in Healthcare
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