Tech mogul Mark Cuban and retail giant Giant Eagle to unveil collaboration on prescription drug program
Mark Cuban's latest business venture, Cost Plus Drugs, has partnered with Giant Eagle to make prescription drugs significantly more affordable. This partnership will extend the reach of Cost Plus Drugs to the 200 Giant Eagle Pharmacies across Pennsylvania, Ohio, West Virginia, Maryland, and Indiana [1][2].
The Cost Plus Drugs program works by offering a transparent pricing model where customers pay near-market prices without large mark-ups. Interested customers can sign up for a Team Cuban Card, which grants access to the catalogue of available drugs. They can then verify if their prescriptions are covered, have their doctor send prescriptions to a participating Giant Eagle pharmacy, and pick up medications at reduced prices [2][4].
For example, a generic acid reflux pill under this program could cost around $10.75, compared to $122 at regular retail [2][4]. This partnership represents Cost Plus Drugs' first major expansion into the Pittsburgh region and supports Giant Eagle's goal of delivering trusted, personalized pharmacy care while providing affordable drug options [1][2].
The Cost Plus Drugs program aims to eliminate middlemen, negotiate directly with manufacturers, and introduce pricing transparency, bringing cost savings to customers across multiple states served by Giant Eagle pharmacies [1][2][4]. This partnership with Giant Eagle joins supermarket chains like Kroger and Albertsons that work with the Cost Plus Drugs program [3].
The partnership is significant for both Giant Eagle and Cost Plus Drugs, as it represents a potential increase in customer base and drug savings opportunities. Mt. Lebanon native Mark Cuban will join Giant Eagle CEO Bill Artman in the announcement of the partnership today [1][2].
References:
[1] "Mark Cuban's Cost Plus Drugs Partners with Giant Eagle." PRNewswire, 2022. https://www.prnewswire.com/news-releases/mark-cubans-cost-plus-drugs-partners-with-giant-eagle-301503838.html
[2] "Cost Plus Drugs Partners with Giant Eagle to Make Prescription Drugs More Affordable." BusinessWire, 2022. https://www.businesswire.com/news/home/20220923005249/en/Cost-Plus-Drugs-Partners-with-Giant-Eagle-to-Make-Prescription-Drugs-More-Affordable
[3] "Giant Eagle Pharmacy." Giant Eagle, 2022. https://www.gianteagle.com/pharmacy
[4] "How Cost Plus Drugs Works." Cost Plus Drugs, 2022. https://costplusdrugs.com/how-it-works
- Mark Cuban's Cost Plus Drugs, a program offering near-market priced drugs and eliminating middlemen, has partnered with Giant Eagle, a supermarket chain that provides pharmacy care across multiple states.
- Giant Eagle's partnership with Cost Plus Drugs marks their first major expansion into the Pittsburgh region, aligning with their goal of delivering affordable drug options and personalized care.
- Interested customers can sign up for a Team Cuban Card to access the Cost Plus Drugs catalogue, have their prescriptions sent to a participating Giant Eagle pharmacy, and save significantly on their medications.
- The Cost Plus Drugs partnership with Giant Eagle represents an expansion of the program, joining other supermarket chains like Kroger and Albertsons, all aiming to provide cost savings and transparency for customers in the field of health and wellness.
