Billionaire entrepreneur Mark Cuban is sounding the alarm on skyrocketing corporate healthcare costs, declaring them a primary driver of layoffs and throwing his full weight behind bipartisan legislation to dismantle healthcare conglomerates like UnitedHealth Group Inc. (NYSE:UNH), CVS Health Corp. (NYSE:CVS), and Cigna Group (NYSE:CI).
The ‘Insane’ Cost Of Care
In a recent social media post, the founder of Cost Plus Drugs, Cuban, argued that out-of-control medical expenses—not artificial intelligence (AI)—are forcing companies to slash jobs.
Cuban noted that employers are burdened with “$30k per family, per year for premiums and care,” calling the financial strain “insane.”
“Most of that goes to the massive, vertically integrated insurance companies that send weekly bills that no one reviews in details,” Cuban wrote.
He emphasized that healthcare is typically a company’s second-largest expense behind payroll, making it …
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