Select Health and Mark Cuban Cost Plus Drug Company Join Forces to Lower Prescription Drug Costs
Health plan is one of the first to offer its members access to over 1,000 pharmaceutical products available through Cost Plus Drugs
News provided bySelectHealth
Sep 19, 2023, 10:30 AM ET
Salt Lake City, Utah, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Leading the charge to revolutionize the prescription drug industry, Salt Lake City-based Select Health® and its Pharmacy Benefits Manager (PBM), Scripius®, today announced that it is one of the first health plans in the United States to provide member access to Mark Cuban Cost Plus Drug Company, PBC (Cost Plus Drugs). This landmark collaboration grants Select Health members direct access to Cuban’s groundbreaking prescription drug service.
Select Health, Scripius, and Cost Plus Drugs share the common goal of helping consumers understand the true cost of their prescriptions and secure the best pricing. Each are committed to providing a simple, seamless, and transparent process to ensure people can access the prescriptions they need to stay healthy. This collaboration encompasses medications for many common conditions, including high blood pressure, certain cancers, dementia, asthma, diabetes, and more.
“At Select Health, our mission is to help our members live the healthiest lives possible. This agreement helps fulfill our mission by making healthcare more affordable to the communities that we serve.” said Rob Hitchcock, Select Health president and chief executive officer. “We are enabling our members to have access to more affordable healthcare by assisting them in finding optimal drug prices.”
Through this innovative relationship, Select Health members will have access to more than 1,000 prescription products at potentially lower prices than traditional pharmacy locations. Select Health members can visit Cost Plus Drugs online to explore benefits now.
“As a practicing physician I saw first-hand the danger of patients not taking their medications because they couldn't afford them,” Alex Oshmyansky, CEO of Mark Cuban Cost Plus Drug Company, said. “We are excited to now be working with Select Health and PBMs like Scripius to further reduce the cost to patients, and to keep the patient record complete from both a clinical and financial perspective.”
About Select Health
Select Health® is a nonprofit health plan dedicated to simplifying healthcare for its more than 1 million members across the Mountain West. Through a shared mission with Intermountain Health of Helping People Live the Healthiest Lives Possible®, Select Health is committed to making this possible through simple, sincere, and seamless experiences and products. Deeply rooted in value-based care, Select Health offers commercial and government medical plans, as well as dental, vision, and pharmacy benefit management. For more information, visit selecthealth.org.
As a PBM dedicated to providing price clarity to plan sponsors and members, Scripius provides lowest-net cost management to health plans and employers searching for alternatives to the big three PBMs. For more information, visit scripius.org.
About Mark Cuban Cost Plus Drug Company
The Mark Cuban Cost Plus Drug Company, PBC (Cost Plus Drugs) aims to fundamentally change the way the pharmaceutical industry operates. As a public-benefit corporation, its social mission of improving public health is just as important as the bottom line. Cost Plus Drugs transparently charges a standard markup on every drug it sells. The costplusdrugs.com online pharmacy launched in January 2022 now carries over 1,000 prescription products, delivered by mail to thousands of happy customers every day. Cost Plus Drugs is working with health plans, managed-care organizations, pharmacy benefits managers (PBMs) and self-insured employers to bring these same savings to employer-sponsored benefit plans nationwide.
Daniel Nelson Select Health 801-442-9077 firstname.lastname@example.org
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