How to Get Cheaper Prescription Medication with Expensive Marc Cuban Drugs

Prescription medicine has become a major expense for many Americans. According to a June 2022 survey from the US Department of Health and Human Services, prescription drug prices in the US cost two and a half times More than 32 other countries.

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To help ease the burden of rising drug prices, billionaire entrepreneur Mark Cuban launched Coast Plus Pharmaceutical Company In early 2022 online market They offer prescription drugs at much lower prices than most retail pharmacies and even many discount sites.

“It is wrong for people to choose between eating and renting and taking their medicine or buying their medicine in the USA in 2022,” Cuba He told PBS in June. “This is just a mistake. It was clear that there would be no political solution.”

new site Inflation reduction law Medicare gives the ability to negotiate drug prices for the first time ever — but only on a limited number of drugs. a June 2022 study in Annals of Internal Medicine It found that Medicare could have saved $3.6 billion in 2020 if it purchased prescription drugs through Cost Plus Drugs from Cuban.

Cost Plus Drugs has gained many customers since its launch in early 2022. In an interview at the Code 2022 conference in Los Angeles last week, Cuban said the company should Reach 1 million customers this month.

How do Cost Plus Drugs work, why are prescription drug prices so cheap and how can you take advantage of their lower prices? We will give you all the details.

What are extra cost medications?

Cost Plus Drugs was started in January by Dallas Mavericks owner Mark Cuban and radiologist Dr. Alexander Oshmyansky, who is now the company’s CEO.

said Cuban, an investor in Shark Tank on the view In February, “this allows us to charge much lower fees.”

The Cost Plus Drugs website launched In order to avoid Pharmacy Benefits Manager Companies – intermediaries who negotiate drug prices with manufacturers on behalf of health insurance providers. These benefits managers have been criticized for having negotiated savings, as well as a practice calledSpread PricingCharging Medicaid more than they pay the pharmacy for a drug and keeping the difference or ‘spread’ as earnings.

Shortly before its launch, Cost Plus Drugs created its own pharmacy benefits manager, which allowed it to provide drugs to companies with health plans. But Cobain promised Coast Plus Drugs’ director of benefits that it would beradically transparent“In negotiating drug prices, individual pricing will not be used.

What medications are available in Cost Plus Drugs?

As of September 16, Cost Plus Drugs . is offering 347 real estate Including medications for high cholesterol, kidney disease, mental health, diabetes, arthritis, migraines, allergies, cancer, HIV, and many other conditions.

Cost Plus Drugs sells files The 10 most prescribed generic drugs in the United States Atorvastatin, levothyroxine, lisinopril, metformin, amlodipine, metoprolol, albuterol, omeprazole, losartan, and simvastatin – as well as many of the top 50 prescription drugs. Although Cost Plus Drugs warns that some drugs have limited stock due to supply chain issues, a random screening of 50 of the 337 drugs found all were available.

The company is constantly expanding its inventory and provides a model for placing orders for new drugs. On The View, Cuban said he hopes to sell 2,000 drugs by mid-2023.

How low are the prescription prices for Cost Plus Drugs?

Drug prices generally vary widely depending on the provider and the pharmacy benefits manager. Cost Plus Drugs provides a comparison of the retail price listed and its own for each drug you sell.

Some notable savings: 30 tablets of the generic version of the bipolar disorder drug Abilify (aripiprazole) retail for $678, compared to the same amount and dose for $6 at Cost Plus Drugs.

Mark Cuban wearing a Mavs . shirt

“It’s a mistake for people to choose between eating, renting, and taking their medication,” Cuban told PBS in June.

Garrett Ellwood / NBAE / Getty Images

However, retail prices for prescription drugs can skew higher than many people actually pay. Discount online pharmacies like GoodRxAnd the blink health And the SingleCare They already offer coupons that can lower prices significantly. However, the prices at Cost Plus Drugs compare favorably.

For example, a box of 30 tablets of the generic version of Zegerid — commonly prescribed for acid reflux — is currently sold for $20 At Cost Plus Drugs. Blink Health sells generic Zegerid for $86which is significantly lower than the listed retail price of $2,073 but four times higher than the listed retail price of Cost Plus Drugs.

The savings appear to be real for many of the prescribed medications. Thirty tablets go from the generic version of the heart medication Toprol XL (metoprolol succinate) $3.90 at Cost Plus Drugscompared to $24 for 90 tablets (or $8 for 30) at costco.

Cost of the generic version of the antidepressant Pristiq $18 at Cost Plus Drugs. discount pharmacy GoodRx sells it for $25, which is the second lowest price we can find online. That’s well below the average retail price of $290, but more than Cost Plus Drugs.

At CVS, the cost of a three-month supply of 20 mg of generic Lipitor (atorvastatin), a drug commonly prescribed for high cholesterol, is $362 without insurance.

At Cost Plus Drugs, same offer for three months Selling for $6.

Cost Plus Drugs is also creating a file $11 million, 22,000 square feet facility in Dallas to manufacture its own versions of the generic drug, which could lower prices even more.

Screenshot of Mark Cuban Cost Plus Drugs showing the price of atorvastatin

The price of atorvastatin at Cost Plus Drugs is significantly lower than the price we received from CVS.

Drug Cost Plus / Snapshot by Peter Butler / CNET

How do I order prescription drugs from Cost Plus Drugs?

First, you’ll want to view a file List of medicines available in Cost Plus Drugs To see if it contains the medicines you need. If so, you will need to create an online account, verify your email address, and enter basic information about your health history and any current medications you are taking.

After you sign up for Cost Plus Drugs, you can provide your doctor with a supplement paper shape It includes all the information they will need to provide your prescription.

Alternatively, you can Ask your doctor to write a prescription This includes your name, email address, date of birth, and any medications you take. The National Council on Prescription Drugs (NCPDP) provider ID for Cost Plus drugs is 4940208 and their prescription phone number is 833-926-3384.

Your doctor can also fax your prescription information or paper form to 650-683-9775.

Why are prescription drugs so cheap at Cost Plus Drugs?

Unlike the vague calculations behind drug pricing at traditional drugstores, Cost Plus Drugs uses a transparent method – wholesale pricing Cost Plus Drugs pays for the drug plus a 15% markup, a $3 pharmacy fee, and a $5 shipping fee. Prescriptions are filled by start-up pharmacy services company truffle.

On the Company mission pageCobain specifically calls the price of albendazole, a drug used to treat hookworms, which continues to thrive among poor communities in the area. southeastern United States. (In a 2017 paper, researchers found More than a third of the population of Alabama county infected with hookworm disease.)

Usually, albendazole costs on average $441 For its daily dose of two tablets, which can be taken for up to 30 days. At a wholesale price of $26 plus $4 and a $3 pharmacy fee, Cost Plus Drugs can sell these two tablets for $33, plus $5 for shipping. Multiply the $408 in savings for two tablets in 30 days and you’re talking about a potential difference of $12,240.

Do Cost Plus Drugs Take Health Insurance?

Cost Plus Pharmaceuticals do not currently accept any health insurance. The site claims that “even without insurance, our rates are lower than what you would pay when using your insurance at a typical drugstore.”

The company works with some pharmacy benefit managers, though, and allows the use of prescription drug discount cards for its members. According to Cost Plus DrugsBenefits managers who work with Cost Plus Drugs can pay members the price listed on their website or the co-insurance amount, whichever is lower.

Learn more about drug pricesLearn how California plans to make its own insulin To face rising costs and how The Anti-Inflation Act will reduce prescription prices and support the health care market.

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