Mark Cuban Says Trump’s Executive Order To Lower Medication Costs Has a ‘Real Shot’ — Here’s Why

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Mark Cuban Says Trump’s Executive Order To Lower Medication Costs Has a ‘Real Shot’ — Here’s Why

Despite his longstanding criticisms of President Donald Trump — and his endorsement of Hillary Clinton, Joe Biden and Kamala Harris for president in 2016, 2020 and 2024, respectively — businessman, billionaire and former “Shark Tank” television personality Mark Cuban declared on X (formerly

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) that Trump’s recent executive order to lower

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“has a real shot.”

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Here’s why Cuban says this executive order has a real shot, as well as

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As reported by AP News, Trump’s recent executive order tasks Secretary of Health and Human Services Robert F. Kennedy Jr. to negotiate with pharmaceutical companies to lower their medication prices in the next 30 days.

If the companies do not agree, the health department will then begin the slow process of laying out a new rule to tie medication prices the U.S. pays to what other countries around the world pay, per AP.

In an X post from May 11, Cuban remarked that the executive order has a shot against Big Pharma, which he said isn’t innocent in high drug costs. However, Cuban claimed that middlemen, namely pharmacy benefit managers (PBMs), are

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PBMs are, essentially, “the big middlemen,” as Cuban put it. Their purpose is to serve as the liaison between drug manufacturers, pharmacies and

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, and they are a central figure in the determination of drug costs.

That said, Cuban is far less charitable in his description of them, noting that PBMs “work so hard to distort pricing,” and he further stated that PBMs hide the real net price lists of what medications are actually worth.

He argued that forcing PBMs to disclose their actual pricing models could lead to “brand meds cheaper than many countries.” As Cuban explained in another X post, the executive order could have a huge impact if it’s “

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The executive order focuses on drug manufacturers, but a White House fact sheet about the executive order does make note of “bypassing middlemen” to lower drug costs.

Editor’s note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on

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