🚨🇺🇸 MARK CUBAN EXPOSES PBM SCAM COSTING PATIENTS BILLIONS BEFORE SENATE
Mark Cuban just testified before the Senate explaining how Pharmacy Benefit Managers are a bigger monopoly than Amazon, controlling drug access for 270 million Americans while driving prices up, not down:
"PBMs auction off access to their formularies to the highest bidders.
Drug companies pay rebates and fees so their drugs can be covered.
The higher the list price, the more money PBMs make."
A $600 drug costs the manufacturer $240 after rebates.
Uninsured patients pay $600. Insured patients with deductibles also pay $600.
The PBM pockets the difference.
Cuban's solution: count cash payments toward deductibles, base out-of-pocket costs on net price, separate formularies from PBMs, and end specialty tiers.
The U.S. is the only country using PBMs.
That's why we have the world's highest drug prices.
Source: CSPAN, @mcuban
THEY SAID WE COULDN’T DO IT.
Don’t let these people lie in your face. Either you WITH US OR YOU AINT. 🗡️ #WHODEY@kingshiesty9 THE GOD OF RECEIPTS 🧾🔱 COOK THEM.
If the Bengals gave Chase $40M, Tee $30M and Trey $30M, the "Big Four" on the roster would account for about 35% of the cap in 2025.
That number would bump up to around 41% in 2026 and then 44% in 2027.
By then, you would have restructured Joe Burrow and Hendrickson would likely come off the books before 2028.
At no point would they ever account for even 50% of the total cap.
And that's with using structures similar to how the Bengals usually do it. You could push these numbers MUCH lower if they were trying to win.
If anyone says this, they haven't actually tried to think about it. You can ignore them forever.
I have never been materially active in politics before, but this time I think civilization as we know it is on the line.
If we want to preserve freedom and a meritocracy in America, then Trump must win.