The Mark Cuban effect on drug pricing
Mark Cuban's online pharmacy is leading the charge to make drug pricing more transparent in the US, and Express Scripts and CVS are following step.
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Mark Cuban's online pharmacy is leading the charge to make drug pricing more transparent in the US, and Express Scripts and CVS are following step.
CVS Health Corp. plans to change how its more than 9,000 pharmacies get paid with a new reimbursement model designed to simplify drug pricing.
The biggest U.S. drugstore chain aims to make the payment system more transparent by using a formula based on a drug's cost, a fixed markup, and a fee that reflects the value of the pharmacy services, the company said Tuesday.
The industry is moving away from a traditional, complex pricing model and toward the “cost-plus” approach introduced by billionaire Mark Cuban at his pharmacy company.
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