It's quite a country when Mark Cuban, not Congress, will give Americans cheaper prescription drugs



Mark Cuban always falls back on when universal health care fails to pass. The billionaire and Dallas Mavericks owner launched an online pharmacy this week in order to combat the price of prescription drugs by large pharmaceutical companies.

The Mark Cuban Cost Plus Drug Co. will sell more than 100 generic drugs directly from the manufacturers and will have a small pharmacy fee. In some cases, pharmaceutical companies mark prices up to 1000 percent.

The price of the drug imatinib, which is used to treat leukemia, can be found in the price of the new pharmacy. The retail price is high. The price is $120 for a voucher. The price is $47 a month. Cuban is making a difference for American customers by offering a common cholesterol medication for less than $4 on his site.

He told Forbes last year that he wanted to show capitalism can be compassionate when he was involved in the creation of a low-cost drug company. It is not the most stable economic system to rely on the compassion of the wealthy. Cuban is all we have if there is no regulation to pharmaceutical price hiking.

The announcement has received widespread praise on social media from Americans with stories of themselves and their family members being over charged for life-saving drugs. In the wake of the launch, a congressional candidate from Washington asked, "Have we found a good billionaire?" This seems to be a better idea than the Congress can muster.

The complete prices that the MCCPDC is offering are less expensive than the copays that insurance companies currently require.

Cuban has been the majority owner of the Dallas Mavericks since 2000, and has been subjected to a dozen different fines for making critical comments about the NBA, referees, and players. He has made bids on several baseball teams, including the Cubs, Dodgers, and Rangers. He is known for his short temper at games, and he said in 2006 that he needed to stop yelling at the refs all game for his political independence.

The Shark Tank judge built his fortune with a variety of investments and his own software company. Yahoo! acquired his company for $5.7 billion in stock, which is considered to be one of the worst Internet acquisitions of all time.