Curing the Trust Problem with Mark Cuban

a16z Podcast

a16z

Science, Innovation, Business, Entrepreneurship, Culture, Disruption, Software Eating The World, Technology

4.4 • 1.1K Ratings

🗓️ 12 July 2023

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today’s episode is with Mark Cuban, founder of multiple businesses, owner of the Dallas Mavericks, one of the sharks on Shark Tank, and cofounder of the Mark Cuban Cost Plus Drug Company. He is joined by Vijay Pande, founding partner of a16z Bio + Health. Together, they talk market forces in healthcare, the importance of trust to patients, and Mark’s ideas to tackle the Gordian knot that is American healthcare.

Transcript

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0:00.0	You trust your doctor hopefully but after that there is nobody in the supply chain or
0:06.4	care chain that financial chain that you trust and nor should you. If you were just
0:12.0	to walk in and didn't have insurance or high deductible
0:14.7	insurance and you walked into one of the big three retailers, pharmacy retailers, you
0:18.2	might pay $2,000 a month. Our price is depending on strength, $14 to $61 a month.
0:24.0	It's just insane the discrepancy.
0:26.0	And the crazier part is the pharmacist who's ringing it up
0:31.0	after having gotten the prescription,
0:33.0	they don't know what they're going to be charging you
0:34.8	until it appears.
0:36.4	There's all these things that are designed
0:39.2	only to get revenue from the insurance companies. That's it. Here at the A16C
0:45.6	podcast we have covered the American health care system a lot recently and for good
0:51.8	reason.
0:53.0	If you miss those episodes, we covered how FinTech in particular
0:57.0	may be playing its role in health care disruption.
1:00.0	So go ahead and listen to those two episodes.
1:02.0	We'll link them in the show notes.
1:03.2	But today we have one very familiar founder.
1:06.3	You may have heard of him, Mark Cuban, who's also got his eye on the same industry
1:11.3	through his company Cost Plus Drugs.
1:14.0	This conversation covers a ton of ground,
	...

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