Image Source: https://www.iflscience.com/
Drug prices in the USA are at an all-time high. Basic drugs that mean the difference between life and death are priced to the degree that many people with serious diseases live paycheck-to-paycheck, with recent studies finding that insulin is currently priced 8 times higher than other nations.
Despite attempts to change and reform the American pharmaceutical industry, patients have seen very little difference.
Hoping to combat the dire situation, billionaire Mark Cuban’s new pharmaceutical company Cost Plus Drug Company will be taking generic (and unnecessarily expensive) drugs and retailing them at a drastically lower price.
The company promises to be “radically transparent”, providing “low cost versions of high cost generic drugs” whilst releasing the full extent of their manufacturing costs, logistics, and profit margins to consumers.