Tag: Business Advice Centre

Now a Peoples War Against Big Pharma Price-Fixing Tyranny

Billionaire Mark Cuban has launched a war against Big Pharma. Recently, he started an online pharmacy where over 100 lifesaving medications are offered at low costs. He charges a standard 15% markup in an industry that typically sees no less than 100% markup. In just one example, a lifesaving leukaemia drug with a typical retail price of $9,657 is offered by him for a total of $47. Insurance is not accepted due to the fact that it would force him to work with manufacturers requiring certain price points.

ASK THE AUDIENCE

MICHAEL WALSH EDITORIAL: I’m not often at a loss when looking for an explanation but this really is ‘ask the audience’ time. Why are folk so reluctant to help others even when they themselves are rewarded for doing so.