Mark Cuban, the billionaire entrepreneur behind Cost Plus Drugs, criticized Sen. Bernie Sanders’ Medicare for All Act Nov. 9 on X.
The bill, which would establish a nationwide health insurance program, has been a longtime agenda item for Mr. Sanders, the independent senator from Vermont. Mr. Cuban said he agrees with the legislation’s objectives but disputes the “particulars.”
“Healthcare is a right. But you can’t get people the care they need if you don’t consider the realities of a healthcare ecosystem where a few companies dominate the economics of the system,” Mr. Cuban wrote.
Mr. Cuban’s concerns included the frequency of drug-pricing negotiations, the role of the HHS secretary, contracts during emergency healthcare situations and missing elements that other countries often use in implementing universal healthcare.
Instead, he suggested the government guarantees patient medical debt but does not tackle payments directly.
