Mark Cuban Says 'Our Healthcare Has Become A Game Of Who Can Rip Off Who And Get Away With It'

Mark Cuban is fed up with however the American healthcare strategy works, and he's letting everyone know. “Our healthcare has go a crippled of who tin rip disconnected who and get distant with it,” Cuban wrote connected X connected Wednesday.

The billionaire entrepreneur tore into hospitals and security companies, claiming they nett disconnected inflated prices and exploit employers and patients alike.

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Cuban explained however hospitals often complaint a installation interest and different vague costs, but it doesn't halt there. If they deliberation an security institution is consenting to wage much than what was primitively billed to the patient, they'll summation the terms conscionable for the insurer.

“Of people the security institution past charges the aforesaid insured leader the higher amount,” helium added. “Too Big To Care – each of it. Break ‘em up!”

This wasn't a one-off rant. Just days earlier, Cuban posted different example: "Explain to maine wherefore the security institution volition wage $2,500 for an MRI erstwhile determination is simply a halfway down the thoroughfare that volition bash it for $350?"

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Cuban's vexation centers connected what helium sees arsenic a breached strategy built astir middlemen similar pharmacy payment managers, which helium says are often owned by the biggest security companies. “They are excessively large to care,” helium said connected X past week. “Employer, patient, state, hospital, physician, if they tin complaint you, they will.”

Critics pushed back, claiming insurers conscionable wage the prices that providers set. But Cuban wasn't buying it. He argued insurers person nary inducement to power costs erstwhile they payment from inflated charges. "They aren't required to beryllium [cost-conscious],” helium said astatine the time. “And that is the point. They summation prices.”

Others joined the speech with real-life examples, saying they were quoted implicit $1,500 for MRIs done insurance, but paid conscionable $275 oregon little successful currency astatine autarkic imaging centers.

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Cuban, who co-founded the online pharmacy Cost Plus Drugs, has made it a ngo to combat terms ambiguity and region wasteful intermediaries. He’s besides been vocal astir urging Congress to propulsion for PBM and security institution reform.