Saving 79% on Prescriptions
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About one-third of Americans are taking a prescription drug -- And this is kind of the scary part. The average person who is on a prescription has four prescriptions and we're paying dearly for it. But mark Cuban has an answer.
[Following is an automated transcript]
Well, you know, I do a lot of stuff in cybersecurity and I've got a few different courses coming up.
[00:00:22] And of course, we do a little bit of weekly training for anybody who's on my email list, you know, on the free list. Absolutely free as well as you get my insider show notes. And if you got my show notes, you probably noticed this. Tidbit here on Tuesday when I sent it out. And that is mark Cuban. Now for those who don't know mark Cuban, he started way back in the internet.
[00:00:48] Boom days he lucked out. He had a, a company called broadcast.com. and he was able to turn that into, I think it was well over a billion dollars. I don't remember the exact amount, but it, it was a very, very big chunk of money. And then he's gone on to become an investor. You might know him as the owner of a basketball team.
[00:01:10] You might have seen him on a TV show called shark tank. He's been out there and he's a bright guy. He's been helping a lot of people and causing a lot of problems too. Right. But he has a new business that he has started with his billions of dollars only. He has at least 1 billion and it's called. Cost plus drugs.
[00:01:35] Now this is where it comes into affect every American, because I mentioned, you know, how many Americans are on various prescriptions? Well, many of the prescriptions that we could be taking are actually generics. So for instance, if you go to the Walmart pharmacy or Walgreens or wherever it. Be you'll find that they have options for you.
[00:02:00] If the doctor says, yeah, generic's okay. They'll say, Hey, listen, I'll give you the generic and you can save a whole lot of money. I don't know if you've looked at good RX at all. But good RX. I have saved a ton of money with that. And what they do is help you find free coupons. Compare the prices at, at Walmart Walgreen, CVS Rite aid, you know, at the major pharmacies.
[00:02:24] And we'll tell you where you can go to get your best deal. Plus. They also have some really cool discounts. So it, it acts kind of like a discount card. So I'm on their site right now. Good rx.com. And I look, I'm looking up their number one drug, which is Lipitor, apparently it's used for coronary art or coronary disease and high cholesterol.
[00:02:51] So they're saying, well, wait a minute. Now here. You can get a few different, uh, options. I'm looking now, for instance, CVS pharmacy nor normal retail, by the way is $126 at CVS. You can get it using a good rx.com card. 76% off for $30 instead of $126. Walmart, $15. Uh, Walmart neighborhood market, $15 now, Walmart, that's what they consider to be their retail price.
[00:03:27] Although, as I mentioned, some of these other ones have much, much higher retail prices. So you can see that going. For instance, for Lipitor, you might be. Paying a premium for a brand name. Now there, there's a good reason for that. There's a reason why prescription drugs can be expensive and, and they're called patent drugs.
[00:03:48] And the reason they're call patent drugs is they've put a lot of money in. They've put a lot of research time. They've, they've put up with a whole lot of regulation and going back and forth with various government agencies. And they finally were able to come forward with a drug that works. Put all of that together.
[00:04:09] And you've got a very expensive research and development product, right. Or project, frankly. So I don't, I don't really hold it against them. If we're having some of these drugs being rather expensive. You might remember that, uh, epi epinephrine a few years ago, this guy got a hold of the c