Mark Cuban is giving President Donald Trump’s new direct-to-consumer online drug store venture a “B” — for now.
Trump announced on Tuesday that he plans to launch a government-run website, called TrumpRx.gov, for consumers to buy prescription drugs directly from manufacturers on the site without the involvement of Pharmacy Benefit Managers as intermediaries.
“It’s still rigged to benefit the big PBMs,” Cuban added in response to a post asking if Trump’s operation could run honestly without favor.
As part of the announcement, the White House said that Pfizer plans to offer some of its drugs on TrumpRx.gov and all of its drugs for Medicaid at a reduced rate.
PBMs receive rebates from drug manufacturers in exchange for giving drugs favorable placement on formularies.
Mark Cuban is giving President Donald Trump’s new direct-to-consumer online drug store venture a “B” — for now.
