Mark Cuban Says 'Our Healthcare Has Become A Game Of Who Can Rip Off Who And Get Away With It'

Benzinga01-18 05:07

Mark Cuban is fed up with how the American healthcare system works, and he's letting everyone know. “Our healthcare has become a game of who can rip off who and get away with it,” Cuban wrote on X on ...

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If they think an insurance company is willing to pay more than what was originally billed to the patient, they'll increase the price just for the insurer.“Of course the insurance company then charges the self insured employer the higher amount,” he added. “Too Big To Care – all of it. Break ‘em up!”This wasn't a one-off rant. Just days earlier, Cuban posted another example: \"Explain to me why the insurance company will pay $2,500 for an MRI when there is a center down the street that will do it for $350?Read Next: If the","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0128526141.USD":"TEMPLETON GLOBAL SMALLER COMPANIES \"A\" ACC","XLV":"健康照护类股ETF-SPDR","LU0029874061.USD":"TEMPLETON GLOBAL SMALLER COMPANIES \"A\" YDIS INC","XBI":"SPDR S&P Biotech ETF","BK4137":"综合支持服务","HCSG":"Healthcare Svcs Group Inc","BK4588":"碎股","BK4585":"ETF&股票定投概念","LABU":"三倍做多标普生物-Direxion","BK4581":"高盛持仓"},"translate_title":"马克·库班表示，“我们的医疗保健已经成为一场谁可以欺骗谁并逍遥法外的游戏”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HCSG":1.5,"XBI":0.6,"XLV":1.5,"LABU":0.6},"content_text":"Mark Cuban is fed up with how the American healthcare system works, and he's letting everyone know. “Our healthcare has become a game of who can rip off who and get away with it,” Cuban wrote on X on Wednesday. \nThe billionaire entrepreneur tore into hospitals and insurance companies, claiming they profit off inflated prices and exploit employers and patients alike.\nDon't Miss:\nCuban explained how hospitals often charge a facility fee and other vague costs, but it doesn't stop there. If they think an insurance company is willing to pay more than what was originally billed to the patient, they'll increase the price just for the insurer. \n“Of course the insurance company then charges the self insured employer the higher amount,” he added. “Too Big To Care – all of it. Break ‘em up!”\nThis wasn't a one-off rant. Just days earlier, Cuban posted another example: \"Explain to me why the insurance company will pay $2,500 for an MRI when there is a center down the street that will do it for $350?\"\nTrending: GM-Backed EnergyX Is Solving the Lithium Supply Crisis — Invest Before They Scale Global Production\nCuban's frustration centers on what he sees as a broken system built around middlemen like pharmacy benefit managers, which he says are often owned by the biggest insurance companies. “They are too big to care,” he said on X last week. “Employer, patient, state, hospital, physician, if they can charge you, they will.”\nCritics pushed back, claiming insurers just pay the prices that providers set. But Cuban wasn't buying it. He argued insurers have no incentive to control costs when they benefit from inflated charges. \"They aren't required to be [cost-conscious],” he said at the time. “And that is the point. They increase prices.”\nOthers joined the conversation with real-life examples, saying they were quoted over $1,500 for MRIs through insurance, but paid just $275 or less in cash at independent imaging centers.\nSee Also: Private-Market Real Estate Without the Crowdfunding Risk—Direct Access to Institutional-Grade Deals Managed by a $12B+ Real Estate Firm\nCuban, who co-founded the online pharmacy Cost Plus Drugs, has made it a mission to fight price ambiguity and remove wasteful intermediaries. He’s also been vocal about urging Congress to push for PBM and insurance company reform.\nWhile Cuban fights for fairness in healthcare, others are challenging outdated systems in finance. Platforms like Fundrise are helping everyday people invest in private tech and real estate markets that were once only accessible to the ultra-wealthy. With just $10 to start, Fundrise offers individual investors a way to bypass Wall Street-style gatekeeping and gain access to long-term growth opportunities.\nCuban’s call is straightforward: the system isn’t just broken, it’s working exactly as designed to benefit corporations. And for patients and employers footing the bill, that design is costing them dearly.\nRead Next: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it?\nImage: Shutterstock","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2604926344","isCrawlerRequest":true}