Mark Cuban Cost Plus Drug Company announces first health plan partner

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Capital Blue Cross and Mark Cuban Price Plus Drug Firm (MCCPDC) introduced a collaboration to permit Capital members and group organizers to entry lower-cost prescribed drugs through MCCPDC.

MCCPDC is a public-benefit company and on-line pharmacy that gives sufferers entry to medicines at a decrease price by working straight with distributors and producers, bypassing what Mark Cuban referred to as “the middlemen.”

The corporate costs MCCPDC’s price plus a 15% margin, a $3 per-prescription allotting charge and delivery.

Capital’s site says that if members have Capital Blue Cross prescription protection, they should pay for his or her drug, then submit a declare for reimbursement if the treatment is roofed beneath their plan. 

In 2023, Capital’s members can use their insurance coverage playing cards at MCCPDC straight. 

“Capital’s collaboration with Price Plus Medication will assist us carry lower-cost medicines to members and nonmembers alike throughout our service space, offering some much-needed reduction to these struggling to pay for his or her important – and generally life-saving – medicines,” Capital Blue Cross President and CEO Todd Shamash mentioned in an announcement.

THE LARGER TREND

In keeping with two stories just lately launched by the U.S. Department of Health and Human Services, drug costs have risen past the inflation charge, illustrating the urgency for addressing mounting prescription prices. 

Transcarent, a healthcare platform for self-insured employers, gives Transcarent Pharmacy Care, permitting its members to seek for the lowest-cost drug choices and evaluate costs throughout pharmacies. The corporate’s members may also switch a prescription with Transcarent’s app if wanted.

Well being tech firm Prescryptive Well being launched MyRx.io, a cellular platform permitting customers to entry pharmacy providers, comparable to discovering prescription profit data, drug buying, and scheduling appointments for vaccines or different pharmacy-provided care.

The platform additionally supplies customers options on different drug choices they’ll focus on with their physician, evaluate money and well being plan costs and discover producer coupons.

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