Mark Cuban argues that health insurance should not exist because profiting from people's need to stay alive is unethical. In a recent discussion, he criticized the entire healthcare system, including insurers, hospitals, and consultants, for their confusing business model and hidden costs. Cuban advocates for a system with transparent pricing and no middlemen, using his Cost Plus Drugs initiative as an example of how to lower prices. He believes that if the industry won't be transparent voluntarily, regulators should enforce it.
Category
🗞
NewsTranscript
00:00Mark Cuban says health insurance shouldn't exist because no one should be profiting off people
00:05just trying to stay alive. In a recent fireside chat, Cuban called out the entire health care
00:10system, not just insurers, but hospitals, consultants, the whole business model built
00:15on confusion and hidden costs. Cuban's pushing for a system where prices are clear and middlemen
00:19don't decide who gets care. Through cost plus drugs, he's showing how cutting out the layers
00:24can actually lower prices without the runaround. His message is simple. Health care shouldn't be
00:29treated like a profit game. If the industry won't be transparent on its own, Cuban says regulators
00:33should make them. What do you think? Should health care finally be forced to show the real
00:36price tag? Follow Benzinga for more stories where business meets the real world.