Mark Cuban

Dunking on the pharma industry with @costplusdrugs.com, the lowest prices on meds anywhere. check it out !

[Mark Cuban @mcuban]

Just found the old list of patents out IP lawyers for Broadcast com were going to file but never got around to under Yahoo. Not saying they all would have been granted, but if you ever need prior art in this area, here you go lol.

Potential https://t.co/11YZmkx5es Patent Applications
January 4, 1999

1. Geographic IP Identification

Technique for pin-pointing the geographic location of a static IP device by triangulating routes taken by IP packets and building a database of IP addresses and DNS names.

2. Hybrid Networks

A commercial network of unicast and multicast enabled networks that terminates at a single point and which enables digital content to be distributed in a one-to-many fashion across multiple networks from a single initiation point.

3. Multi-Network Multicast

A commercial network of multicast enabled networks that terminates at a single point and which enables digital content to be distributed in a one-to-many fashion across multiple networks from a single initiation point.

4. Reverse Auction

Online auction mechanism in which a buyer who desires to purchase goods defines that desire, along with a maximum price that s/he will pay.  Potential sellers then respond by offering their goods at  a price below any previous bidders and at or below the designated maximum price.

5. Audio Ad Delivery

Software techniques for parsing files served by web server and acting upon text to perform functions such as audio ad rotation and synchronized audio ad/pop-up URL scripting.

6. Web Server Reporting System

Software techniques for reporting on very large web server of files across multiple web servers in order to comply with industry-standard web server reporting practices.
7. Commerce Payment Gateway Integration

Modular software routines for interfacing with a variety of payment getaway vendors (e.g. Mpact, Cybersource) for pay-per-view/listen and for traditional e-commerce.

8. Streaming Server Parsing And Reporting

Software techniques for reporting on very large streaming server log files across hundreds of streaming servers.

9. Streaming Authentication System

Custom database and related Software routines that extend RealAudio's 5.x implementation of user and player authentication.

10. Web Page Generation System

Set of databases and scripts for automatically generating website sections such as CD Jukebox, Radio Stations, AudioBooks, etc.

11. Live Events Management System

Custom data base and web-based system for managing daily events by collecting data on each event and "publishing" collected data to various groups as needed.

12. Automatic Content Promotion

Set of scripts that run against live event databases and generate files for publishing to Yahoo!, Real Networks, and CMP.

13. Telephony-Based Content Publication

System that allows people to call into a voice-mailbox and leave messages which are then automatically encoded into multimedia content and hosted on a website.

[Mark Cuban @mcuban]

Very smart

https://t.co/PCaAmzwFdY

[Mark Cuban @mcuban]

@son_of_halvor Do you think the corporate culture of the biggest carriers of 30 years ago is the same as it is today ?

[Mark Cuban @mcuban]

The fact that the administration is looking for opportunities to cut costs is great. These changes were needed. But they are missing an important piece.

The expectation that giving insurance companies more leverage in certain negotiations will lead them to passing on any cost reductions to plan holders or anywhere among their hundreds or thousands of subsidiaries, is ridiculous.

That is not their culture.

Remember. These are the same companies , when they were on the other side, tiering and other similar rules were passed for their PBMs, they sued and found other ways to charge new fees.

The administration has to go much further and make sure these changes are not gamed.

Not just by the insurers. Also by the hospitals.

They need to remove all confidentiality clauses from ALL contracts signed between insurance companies and at least non profit hospitals, if not all providers.

And require all of these contracts to be posted right next to the pricing hospitals post on their website. With the fines moved to 1m dollars per day for non adherence. Make it so it’s not a business decision to not adhere

The ONLY way you are going to know the carriers and hospitals followed through and adhered by the rules, without gaming them , is by making them publish their contracts.

With pricing. Terms. Everything.

Taxpayers are subsidizing both sides. Insurance conglomerates get 70 pct of their revenue from taxpayers.

Non profits keep billions that would go to taxpayers. They literally have more in cash than Medicare has in cash reserves.

We all have every right to see those contracts.

This will increase competition and cut costs more than anything.

[zerohedge @zerohedge]

Banning Hospitals' 'Certain Contracts' Could Save Americans $45 Billion, Report Finds https://t.co/PibupfEdU7

[Mark Cuban @mcuban]

@AirbagTea @RandyWKirk1 @techdirt is another good source on the topic

[Mark Cuban @mcuban]

@AirbagTea @RandyWKirk1 Talk to the folks at https://t.co/6Uhziw5HnC. what you put in an algorithm is as much speech as what you put into a speech that's why it still has 230 protections

I don't like that they are right. But they are.

[Mark Cuban @mcuban]

@the_cat53 @voterchoice Yes

[Mark Cuban @mcuban]

I’m all for overturning it.

https://t.co/Rpjplexhqg

And for getting those who don’t get supported on ballots by supporting

@voterchoice

[⁵⁵¹¹ 🍌 @BAYC5511]

@mcuban @AirbagTea @RandyWKirk1 If this is true, then you would have no problem with overturning citizens united. Money is power, money is influence, money is finger on the scales. Look at what happened to thomas massie and tell me money had no influence there.

[Mark Cuban @mcuban]

@KlausMarre Yup. What makes you think it’s money well spent ?

[Mark Cuban @mcuban]

Political self interest to get elected, takes precedent over anything some rich person self interest.

Being rich gets you in the door because you might give them money. What you want from that politician is meaningless if it doesn’t align with their self interest.

A Trump endorsement in a Republican primary almost always goes further than any amount of money or other influence anyone else can provide.

[Siri Dhyan Singh @siridhyan]

This is flat false. It does equal both influence and power BUT it is not a 1:1 guarantee.

Sorry Mark 🙏

[Mark Cuban @mcuban]

The fact that the administration is looking for opportunities to cut costs is great. These changes were needed. But they are missing an important piece.

The expectation that giving insurance companies more leverage in certain negotiations will lead them to passing on any cost reductions to plan holders or anywhere among their hundreds or thousands of subsidiaries, is ridiculous.

That is not their culture.

Remember. These are the same companies , when they were on the other side, tiering and other similar rules were passed for their PBMs, they sued and found other ways to charge new fees.

The administration has to go much further and make sure these changes are not gamed.

Not just by the insurers. Also by the hospitals.

They need to remove all confidentiality clauses from ALL contracts signed between insurance companies and at least non profit hospitals, if not all providers.

And require all of these contracts to be posted right next to the pricing hospitals post on their website. With the fines moved to 1m dollars per day for non adherence. Make it so it’s not a business decision to not adhere

The ONLY way you are going to know the carriers and hospitals followed through and adhered by the rules, without gaming them , is by making them publish their contracts.

With pricing. Terms. Everything.

Taxpayers are subsidizing both sides. Insurance conglomerates get 70 pct of their revenue from taxpayers.

Non profits keep billions that would go to taxpayers. They literally have more in cash than Medicare has in cash reserves.

We all have every right to see those contracts.

This will increase competition and cut costs more than anything.

[Mark Cuban @mcuban]

@KlausMarre They certainly will take their money. Who got elected because they supported crypto ? And isn't it possible they actually support crypto.

Giving money and getting nothing of value is the more likely outcome for wealthy donors

[Mark Cuban @mcuban]

Think it through. You are the provider. A big ins carrier offers catastrophic plans at say 10k.

Providers know that 40pct of people can't afford $400 emergency bills. I know you think that paying lower pemiums should mean they have more money. Maybe they even put it into an HSA. Maybe they shop for cash prices.

But, what percent of people are that disciplined ?

Which means, exactly like today, providers will have to loan patients money.

They become subprime lenders to patients. Since they know, most people can't pay their OOP, they will raise prices so they can get into the pockets of their insurance providers faster.

Just like they do today where ACA deductibles average 3700 and max OOP is about the same as your catastrophic levels.

And, Just like they have inflated chargemasters just to game insurance pricing

And we also know the carriers are not usually good actors. So the number of denials will skyrocket and the price to appeal those details will skyrocket as well.

And the number of services they lazer out and don't cover, because they are, by definition, more expensive, will skyrocket

Leaving patients in the same mess they are in today.

[Mark Cuban @mcuban]

@forgipper Unless you are a huge conglomerate that owns a provider, TPA, and other subs that can charge the carrier more, hitting their MLR sooner, but keeping the up charge in their subsidiary.

It’s a known scam that continues to

[Mark Cuban @mcuban]

@StaceyVaughn @AirbagTea @RandyWKirk1 Fair. Money does reduce a lot of stress that lack of funds dramatically increases

[Mark Cuban @mcuban]

@AirbagTea @RandyWKirk1 Is an algorithm free speech ?

How do all those things you mentioned impact your vote ?

[Mark Cuban @mcuban]

Wealth does not equal power. Tom Steyer spent $342m on his presidential race and $216m on his gubernatorial race. Where he didn’t finish in the top 2.

I’m not a fan of Elon’s politics by a long shot. But I’m pretty confident ever dollar he spent on his chosen candidates was wasted

He had far more power from his algorithms on this platform. And that’s the point

Social media Algorithms have far more influence on how we all think than any amount of money anyone can spend.

I’ll add. You don’t see a lot of energy from anyone to end citizens United. It would be impossible to get a constitutional amendment, but there are multiple efforts (I’ve given money to them ) , to make changes at the state level.

I haven’t seen more than lip service given to support these efforts.

I haven’t seen many politicians ( a few exceptions (mamdani, talarico, trump) that even understand (or their teams) how social media algos work, let alone trying to neuter them via their actions

[Mark Cuban @mcuban]

Wealth does not equal power. Tom Steyer spent $342m on his presidential race and $216m on his gubernatorial race. Where he didn’t finish in the top 2.

I’m not a fan of Elon’s politics by a long shot. But I’m pretty confident ever dollar he spent on his chosen candidates was wasted

He had far more power from his algorithms on this platform. And that’s the point

Social media Algorithms have far more influence on how we all think than any amount of money anyone can spend.

I’ll add. You don’t see a lot of energy from anyone to end citizens United. It would be impossible to get a constitutional amendment, but there are multiple efforts (I’ve given money to them ) , to make changes at the state level.

I haven’t seen more than lip service given to support these efforts.

I haven’t seen many politicians ( a few exceptions (mamdani, talarico, trump) that even understand (or their teams) how social media algos work, let alone trying to neuter them via their actions

[Mark Cuban @mcuban]

@videoguys Fair

[Mark Cuban @mcuban]

Index that percentage to the stock market and founders shares.

It seems crazy because the stock market is a multiple of where it was 20 years ago. Or even 6 years ago.

If you had a public company and a ton of founders stock, your net worth skyrocketed.

Which is why is asked grok about the percent in founders stock.

It's not like the richest people took from someone. They just held their stock while the market skyrocketed

If market drops 80 pct. The wealth concentration is completely different

[Dan Aronovsky @t3703]

@mcuban The public isn't demonizing. The reality is that more wealth and income as a percentage of the economy is going to the top over the last 40 years. It wasn't always like this. Housing, education, healthcare costs are less affordable.
How do you expect people to react to this?

[Mark Cuban @mcuban]

@EdeCalton I've said before , I was ok with that. The hard part is what happens if the collateral collapsed in value ?

[Mark Cuban @mcuban]

What about all the entrepreneurs that risked everything and failed ?

Or the ones that are grinding it out, trying to build a business ? You know, the ones that create more than 60 pct of the new jobs in this country.

The more successful they are, the more you hate them?

Take their money so they can't invest in other founders? Or invest in causes they believe in ?

And the ones that fail and get to deduct 3k a year of their losses ? Or went for it and are broke and might never see enough income to offset those losses ? You don't care if they go broke ?

10 pct of the people in this country are entrepreneurs that have started a business.

You ever try to help them ?

There are plenty of discussions to be had about income inequality. About helping people who are struggling economically.

I've talked about a lot of them in my timeline.

But in reality, saying "Eat the rich" will end up helping no one except maybe politicians trying to raise money. And probably hurt those in need, as more money is spent playing politics then helping

Wealth tax. Unearned income tax. Show me the multi year behavioral analysis, as opposed to simple models, that show more jobs, higher wages and personal wealth will be created for those who need it. I'd love to read them

Ideology is not a strategy. Nor is it a plan that has lasting impact on people who need help

And so you know.
I'm not a believer in trickle down. It's a joke.

I am a believer in trickle up. Where we do all we can get to get appreciable assets and higher wages into the hands of people who have to live paycheck to paycheck. I've said before I think raising the federal minimum wage to $20 is smart. When I heard people who worked for a company I invested in (but didn't run) needed government assistance, I made sure they all got raises. It was embarrassing to me that we didn't pay enough. I've made, or helped make, at least a thousand millionaires. And I'll keep working to increase that number

And that's the point.

The best path to help more people is to work with the people that can help more people.

If you demonize business people , you just make it harder for them to help anyone.

I'm not saying there aren't greedy, blood sucking business people that will do anything for a dollar.

But they are a small minority. Most entrepreneurs realize they are blessed. They want to find ways to help. They think they can use the same skills that built their business to help people.

And they can. They can hire more. They can give raises. They can educate. And they do all these things to help.

I've sat with Democrats and Republicans, incumbents and candidates,and asked them why they aren't meeting with businesses that make and sell the products that have become unaffordable, and asking them what can be done to reduce prices.

I do this continuously regarding healthcare. It's easy to see where the friction and increased pricing is coming from. Why (the politicians ) aren't you meeting with them and asking them to change ? Offering to support those that do raise wages, lower prices , improve benefits. Politicians just won't do it. They prefer the donations.

I did shark tank for 15 years purely to show people they can start small, grow their businesses, and help not only themselves, but their employees and their communities as well. And thats exactly what has happened.

Demonizing those that have success is counterproductive to every benefit you want to help bring to people.

[Rob Waldeck @Robertwaldeck]

@mcuban @grok That leaves so much wealth untaxable, forcing the regular people to pay more in taxes for a system that benefits billionaires. Meanwhile the founders live off loans collateralized on their stock.