A little over one year ago, Mark Cuban, the entrepreneur, Shark Tank investor, and one of America’s most famous billionaires, opened the “Mark Cuban Cost Plus Drugs Company.” The company is an online pharmacy aimed at shaking up the generic drug market and, according to Cuban, is something that has turned out to be one of his most important investments to date. The Washington Examiner recently spoke to Cuban to see how his venture has fared so far and if he’s disrupting the pharmaceutical industry as much as he’d planned.

The cost of prescription medicine is a burden for many people. In 2019, the United States spent approximately $1,615 per person on prescription drugs. Prescription drug prices in the U.S. cost 2 1/2 times more than they do in 32 other countries, according to a June 2022 survey from the Department of Health and Human Services. Cuban said he has long been interested in healthcare in America, frustrated with rising costs and, specifically, healthcare insurance.