Mark Cuban Cost Plus Drug Company (MCCPDC) officially launched its online pharmacy www.costplusdrugs.com, with the mission of “dramatically expanding access to affordable pharmaceuticals”, offering the lowest prices in 100 recipes.
According to a September Gallup poll 2021, recently 18 Millions of Americans were unable to afford at least one prescription drug for their household due to rising costs, and 1 in 10 Americans skipped doses to save money.
The online pharmacy said in a statement that its mission is to bring affordable medicines to millions.
As a wholesaler Registered pharmacist, MCCPDC offers patients the ability to immediately fill prescriptions and purchase a variety of medications for less than the full deductible and copay requirements of most plans. anes of insurance.
The pharmacy eliminates intermediaries and, instead, sets the price of medicines according to the actual cost of the manufacturer plus a fixed margin of 15 % and a pharmacist fee.
For example, the leukemia treatment Imatinib which typically retails for $9, 182 per month, through MCCPDC it is available in $70 dollars per month .
In the case of mesalamine, the treatment of ulcerative colitis has a cost to the public of $940 per month, and in MCCPDC its price is $ 32.40 per month.
Colchicine, the gout treatment, has a retail price of $182 per month, and at MCCPDC it is offered at $8.70 per month.
“We will do whatever it takes to get patients affordable pharmaceuticals,” said Alex Oshmyansky, CEO of Mark Cuban Cost Plus Drug. “The profit margin on potentially life-saving medicines that people depend on is an issue that cannot be ignored. It is imperative that we take action and help expand access to these medicines for those who need them most.”
Because the company refuses to pay differential prices to third-party PBMs in order to process insurance claims, the online pharmacy will be a cash payment company . However, their model means that patients can immediately purchase a wide range of medications at prices often less than the total deductible and copay requirements of most insurance plans.
MCCPDC’s launch comes just weeks after its PBM pharmacy benefit manager operation was established, both efforts aimed at protecting consumers from inflated drug prices, the statement said.
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