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Mark Cuban Says PBMs Put Shareholders Ahead of Patients: 'It's a Racket'

Jul 19, 2026 · 03:55 AM ET· updated 9h ago
Mark Cuban Says PBMs Put Shareholders Ahead of Patients: 'It's a Racket'

Cuban called the PBM industry “a racket,” accusing insurers and drug middlemen of prioritizing stock prices over lowering healthcare costs.

Why It Matters

A famous business person says pharmacy middlemen (companies that decide which medicines insurance covers) care more about making money than helping sick people afford drugs. When someone important criticizes an industry like this, it can make people wonder if those companies might face new rules or lose customers.

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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.

Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.