The Real Price of Healthcare with Mark Cuban
The a16z Show
a16z
4.2 • 1.2K Ratings
🗓️ 29 March 2024
⏱️ 26 minutes
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| 0:00.0 | When you look at health care, the first thing you think is we hate it. The second thing you think is no one can figure it out. |
| 0:05.8 | The third is it's opaque. You know how much you spend on health care, but you have no idea what you're spending it on. |
| 0:12.8 | You have no idea why it costs what it costs. You know how much we spend on marketing and advertising? |
| 0:19.6 | Zero. |
| 0:21.3 | Because transparency is the best salesperson ever. |
| 0:25.2 | Of all the businesses I've ever started in my entire life, this has been the easiest. |
| 0:30.6 | If you are an avid listener of the A16Z podcast, you'll know that we had Mark Cuban on last July to discuss the opaque health care industry and what he's doing to change it with his company, cost plus drugs. |
| 0:43.5 | But since then, a lot of headway has been made. |
| 0:46.0 | So we decided to bring Mark back on. |
| 0:48.4 | In this episode, recorded at our A16Z American Dynamism Summit back in January, Mark breaks down precisely why things are so complex and how much money is being left on the table. |
| 0:59.0 | Like how a drug that literally cost $10,000 could be brought down to 50 or even how he recommends |
| 1:06.0 | companies have their very own health care CFOs. Together with A16Z general |
| 1:11.0 | partner David Eulovich Mark also touches on other major topics that our country is facing, |
| 1:16.0 | from education to ensuring widespread entrepreneurship across the nation. |
| 1:20.0 | Given that health care is one of the biggest industries in America at over 4 trillion |
| 1:25.0 | dollars and roughly 20% of the country's GDP, it should be no surprise that it's also one of the |
| 1:30.5 | most important challenges worth solving. This is not one to miss. |
| 1:37.6 | As a reminder, the content here is for informational purposes only, |
| 1:41.1 | should not be taken as legal, business, tax, or investment advice or |
| 1:44.5 | be used to evaluate any investment or security and is not directed at any |
| 1:47.8 | investors or potential investors in any A16S fund. Please note that A16 and its affiliates |
| 1:53.6 | may also maintain investments |
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