Cuban: Hospitals lie about losing eight to nine percent on Medicare
Mark Cuban · Cost Plus Drugs: EXPLAINED | Mark Cuban Full Interview · 20VC with Harry Stebbings · Feb 8, 2022 · at 24:13
Mark Cuban, billionaire founder of Cost Plus Drugs, critiques hospital management and financial claims regarding Medicare reimbursement during a discussion on healthcare reform.
0:00 / 0:17exact quote · 17.1s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“It's a shit show. You know, you don't need, you know, all these, building all these new buildings and buying all this real estate, and there's no, you know, lying about your cost to do something. Oh, our Medicare, you know, we provide Medicare. We lose eight, nine percent. No, that's nonsense, right?”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Mark Cuban
Cuban opposes Medicare for All in favor of a hybrid healthcare model
“I'm not a huge fan of Medicare for all or single payer simply because there's a variety of issues. I'm more a fan of a hybrid system where lower income people get single payer and higher income people like me pay for what they use.”
Cuban: Algorithmic content amplification is protected under First Amendment
“They made a really, really good argument while that it's still protected under the first amendment in the United States, whether it's algorithmically derived or some comes out of someone's mouth. And so I went from saying, okay, algorithmic amplification shoul…”
Cuban: Post-pandemic period will be the best time to start a business
“And going forward over whatever period of time it takes for us to get to the other side, it'll be the best time in the history of mankind to ever start a business because there are no rules.”
Cuban refuses to invest in venture-backed companies that buy market share
“The type of investments I won't do or don't do is ones where companies buy sales. So this is going to be a company that has to raise five hundred million to do one hundred million in sales because they want to own market share. And then they can get an exit be…”
Cuban claims Uber and Twitter would be more successful outside Silicon Valley
“I think if you take some of the companies, Twitter, or almost any of them, Uber in particular, Lyft, and you move those to Kansas City, Dallas, Pittsburgh, Buffalo, New York, they would have been so much more successful, so much more quickly.”