Mark Cuban urges states and employers to audit PBM contracts
@mcuban: Cuban urges PBM audits
Mark Cuban, the entrepreneur and owner of the Dallas Mavericks, is emphasizing the importance of auditing Pharmacy Benefit Managers (PBMs) contracts.
Cuban's remarks follow recent news involving the North Carolina State Health Plan, which is contemplating legal action against its vendor, CVS Caremark.
This situation has brought to light potential discrepancies that could exist in PBM contracts, thereby affecting employers and states financially and operationally.
According to Cuban, verifying the terms and actual deliverables of these contracts could reveal surprising inconsistencies, thus protecting financial interests.
This call to action highlights an ongoing issue concerning transparency and accountability in the healthcare sector.
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Cuban’s focus on contractual transparency within the pharmaceutical landscape resonates with ongoing discussions about drug pricing reform, particularly in light of his analysis of the potential impact stemming from an executive order on pharma pricing. Moreover, his attention to the fine print in vendor agreements recalls his previous examination of unused Broadcast.com patent plans, where overlooked details similarly held significant implications for financial and operational outcomes.
