Billionaire entrepreneur and investor Mark Cuban thinks America’s healthcare industry is broken, and he’s not mincing words about it.

“No one looks at the financial side of healthcare and says, ‘This is the way it should work,’” Cuban said on this week’s episode of the Equity podcast. “When you go to the doctor and you get a prescription . . . you have no idea what the cost to you is going to be. You don’t know if you can afford it or not.”

The former “Shark Tank” host and minority owner of the Dallas Mavericks basketball team explained the root of the problem: most drug prices today are set by pharmacy benefit managers (PBMs), or third parties that manage prescription drug programs. Cuban said drug prices are opaque by design.

That’s exactly why he launched Cost Plus Drugs in 2022

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