Latest news with #MarkCuban
Yahoo
17 hours ago
- Business
- Yahoo
Mark Cuban Says Taking Low-Premium, High-Deductible Plans Is Great For Insurance Companies. 'You Know Who It's Not Good For? You Guys'
It seems like Mark Cuban has no patience for how America pays for healthcare. In a recent appearance at the Stanford University Department of Medicine, he laid out exactly how he thinks insurance companies are rigging the system—and leaving hospitals and doctors holding the bag. According to Cuban, it all starts with how insurance companies design their plans. Every year, they tweak things so premiums stay low, but out-of-pocket costs quietly increase. This pushes patients toward high-deductible health plans that look affordable on paper but become a disaster when someone actually gets sick. Don't Miss: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. Hasbro, MGM, and Skechers trust this AI marketing firm — 'Depending on what's going on in the economy, those patients, particularly as they skew a little younger or a little poorer, take low-premium, high-deductible plans,' Cuban said. 'Which is good for the insurance companies. You know who it's not good for? You guys.' By 'you guys,' Cuban meant the doctors and hospitals who end up taking on the financial risk. If a patient can't pay the deductible, the insurer already got its money, but the provider hasn't. 'You take on all that credit risk,' Cuban explained. 'And you also take on the brand and reputational risk... Did you cause the problem? No.' Cuban pointed out that many patients are confused by their bills and blame the hospital, not the insurer. 'When everybody talks about the $400 billion in unpaid medical debt, who gets the blame? You do,' he said. 'And when the patient's angry and looking at all these medical bills, who gets the blame?' Trending: Invest where it hurts — and help millions heal:. He argued this creates a cascade of problems that go beyond money. Doctors feel rushed. Care feels transactional. And fewer people want to stay in the profession. Cuban said his goal is to bring simplicity and fairness back into the equation. One of Cuban's solutions is direct contracting. Through his Cost Plus Wellness venture, he's working with hospitals and doctors to create deals that skip insurance companies altogether. 'We go to Stanford and say, 'We know what happens in the relationship between you and the big insurance company,'' he said. 'Why don't you give us a better price?' He said most hospitals lose 3% to 5% fighting insurance companies for payment and have to hire massive administrative teams just to handle all the red tape. Meanwhile, they also deal with delays like pre-authorizations that often aren't about medical necessity but about how long the insurance company can hold onto the money and earn pitch to providers is simple: stop relying on insurance companies and work directly with employers and patients. Publish your prices. Make it easier to understand care costs. And push back on systems that are designed to extract value from you, not create it. 'If you really want to change the system, you do have the power to do these things,' Cuban said. Read Next: Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Mark Cuban Says Taking Low-Premium, High-Deductible Plans Is Great For Insurance Companies. 'You Know Who It's Not Good For? You Guys' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
a day ago
- Business
- Yahoo
For Mark Cuban, A Healthy Healthcare System Means Doctors Have Time For Golf On Wednesdays Like They Used To. Here's Why
Mark Cuban isn't a doctor, but he may be one of the most outspoken advocates for fixing America's broken healthcare system. In a recent episode of the 'How I Doctor' podcast hosted by Dr. Graham Walker, Cuban laid out what he believes is fundamentally wrong with U.S. healthcare—and what we can do about it. 'Healthcare is really a simple business,' Cuban said. 'You go to the doctor, hopefully the doctor says nothing's wrong. If there's a complication or some need, the doctor tells you what you need... There's really only two questions: What's it going to cost and how are you going to pay for it? That's it.' He calls it a 'two-questioned industry.' Don't Miss: Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Hasbro, MGM, and Skechers trust this AI marketing firm — But instead of staying that simple, the system has become a web of complications. 'Every complication you add is an opportunity for arbitrage,' he said. In other words, more complexity results in more people taking a slice of the money flowing through the system. And doctors? They're stuck dealing with the mess. 'Let me just tell you upfront, doctors are underpaid,' he said. 'I want that motherf***er doctor to make $10,000,' Cuban said about heart surgeons getting paid a fraction of what hospitals bill for transplants. 'So he's paying attention or she's paying attention and not worried about getting to the next heart transplant or worried about the patient that's got a boo-boo.' Trending: Cuban was brutally honest when it came to insurance companies: 'The insurance companies are the worst of the worst of the worst, of the worst of the worst.' He explained that insurers design plans with deductibles and out-of-pocket costs that make healthcare unaffordable for people who need it most. Yet doctors are the ones left holding the financial risk. 'Even if they're broke as a joke and don't have two nickels to rub together, you have to still care for them,' he said. That debt becomes the doctor's problem, not the insurance company's. If all the pricing were transparent, doctors would be able to just take care of their patients, take notes, and put them in the electronic medical record. He added that there would be nothing else for them to do, 'because that's what this whole conversation is about, how can we get doctors to be able to golf on Wednesdays like they used to?' Cuban referenced a time when doctors could practice medicine without being buried in billing Cuban, one fix is simple: increase the supply of doctors. He suggested making medical school free to attract the best candidates regardless of financial background. Cuban estimated the total cost of doing this would be around $24 billion over four years, based on roughly 10,000 students annually and $60,000 per student per year. 'So you truly get the best of the best as opposed to the best of the people who can either afford it or are willing to take on the debt.' Looking ahead, Cuban said doctors need to embrace AI, not fear it. 'Learn everything you can about AI, period. End of story,' he said. He believes AI tools will soon be as normal in healthcare as phones and emails. Doctors who learn to integrate them will be better equipped to help more patients, more efficiently. Cuban wrapped the interview by expressing gratitude. 'Thank you for all the blood, sweat and tears you put in to keep us healthy, to keep us alive,' he said. 'I know how hard it is. I can't imagine the stress it creates.' Read Next: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article For Mark Cuban, A Healthy Healthcare System Means Doctors Have Time For Golf On Wednesdays Like They Used To. Here's Why originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Independent Singapore
2 days ago
- Business
- Independent Singapore
The 'best investment' that never fails, according to billionaire Mark Cuban
In a world fixated with stock bits of advice, startups, and shortcuts to success, business tycoon Mark Cuban knows of something much simpler, and far more potent – investing in yourself. Long before Shark Tank recognition, NBA team proprietorship, or billion-dollar exits, Cuban was just another fledgling proficient guy with no cash, no networks and contacts, and no clear path to follow. But he had something more valuable than capital – an unremitting dedication to learning. 'Some of the best investments I ever made were in myself,' Cuban says. 'I didn't have a job, didn't have any money. But I realized that if I put in the effort, I could learn almost anything.' So, he did. Cuban trained himself to program. He wrapped himself up in technology. The process was measured and frequently exasperating. But over time, that personal venture became the groundwork of a calling that would overtake his peers and disrupt industries. 'Learning is a skill,' he adds. 'And most people don't put in the time to keep learning. That's always given me a competitive advantage.' Cuban's narrative is a gripping cue that the most vital advantage in your career isn't your resume, your friends and work colleagues, or even your business model. It is YOU. In a recent article published by , here are five reasons why investing in yourself might be the shrewdest business move you'll ever make: You become your own competitive advantage Knowledge multiplies and amplifies. Whether you're into AI, trying to become a master negotiator, or leveling up your leadership abilities, every new capability makes you more flexible, respected, and irreplaceable. While others fester and deteriorate, your superiority rises. You build confidence and clarity When you invest in your development, you don't just get better—you feel better. That self-assurance becomes visible inside boardrooms and during brainstorming sessions, and when you make decisions. Clarity follows, helping you align your objectives, set up boundaries, and leading with principle. Your team mirrors your growth Effective leaders don't just have conversations about growth—they become models of it. When your team constantly sees you investing in yourself, in all probability, they'll do the same. Over time, that generates an ethos of inquisitiveness, responsibility, and nonstop development. See also Kristen Stewart discusses Underwater movie You sharpen your decision-making The higher you rise on your professional ladder, the fewer reactions and criticisms you get, and the bigger your gap in perceptions becomes. Surrounding yourself with counselors, trainers, or honest peer groups guarantees your continuous evolution as a person and as a professional. The result? You become more insightful, more adaptable, and make more calculated decisions, especially when under duress. You build resilience against burnout Leadership is tough. If you don't take care of your physical, emotional, and mental well-being, everything else is adversely affected. Investing in yourself means building resilience, not just to survive moments when you're in a crunch or feeling the heat, but to lead through them with precision and serenity. In reality, your business can only grow and thrive as quickly as you do. Abilities diminish. Markets evolve. But the energy you put into acquiring knowledge, accepting changes, adapting to them, and becoming a better version of yourself pays dividends for life. As Cuban puts it: 'It's the one investment no market crash or competitor can take away.' So, if you're speculating where to place your energy next, look inside your innermost self. That's where the genuine ROI starts.
Yahoo
2 days ago
- Business
- Yahoo
Mark Cuban Claps Back At Anthropic CEO Dario Amodei's AI Job Loss Warning: 'New Companies With New Jobs Will Come From AI'
Billionaire entrepreneur Mark Cuban challenged artificial intelligence job displacement concerns raised by Anthropic's chief executive, arguing that AI will create more employment opportunities than it eliminates What Happened: Cuban responded on BlueSky to reports about Anthropic CEO Dario Amodei's warnings that people 'should be worried' about losing jobs to AI. The Dallas Mavericks owner posted that 'at one point there were more than 2m secretaries' along with separate dictation employees who represented 'the original white collar displacements.' Cuban's BlueSky post stated that 'new companies with new jobs will come from AI and increase total employment,' directly contradicting Amodei's position that government officials need to 'stop sugar-coating' AI's employment impact. Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Amodei said that companies 'have a duty and an obligation to be honest about what is coming' regarding AI job embedded content is not available in your It Matters: Cuban's comments reflect his consistent advocacy for AI adoption. He previously advised young people to 'spend every waking minute learning about AI' during the South by Southwest festival in Austin, Texas. Previously, Cuban advised kids that if he were 12 today, he would 'read books and learn how to use artificial intelligence in every way, shape and form you can. Cuban has compared AI's potential impact to the early days of personal computers, stating that understanding AI will be vital for future entrepreneurs, similar to past technology shift,s including PCs, networks, the internet and mobile technology. Read Next: Hasbro, MGM, and Skechers trust this AI marketing firm — Invest before it's too late. 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.30/share with a $1000 minimum. Image Via Shutterstock Send To MSN: Send to MSN UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Mark Cuban Claps Back At Anthropic CEO Dario Amodei's AI Job Loss Warning: 'New Companies With New Jobs Will Come From AI' originally appeared on Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
Jensen Huang Says AI Will Change Everything—Here's How to Keep Your Job
Nvidia CEO Jensen Huang isn't holding back when it comes to the looming impact of AI on the job market. At the Milken Institute's Global Conference earlier this month, he made it clear: AI will affect every job, and it's happening fast. 'Every job will be affected, and immediately. It is unquestionable,' Huang said. But he didn't stop there. He emphasized that the real risk isn't AI itself, but the people who learn to harness its power. 'You're not going to lose your job to an AI, but you're going to lose your job to someone who uses AI.' Huang's prediction paints a future where those who ignore AI will find themselves replaced by more tech-savvy counterparts. While some tech leaders like Anthropic CEO Dario Amodei are predicting widespread job losses—up to half of all entry-level white-collar positions within five years—Huang takes a different stance. He believes AI will put 30 to 40 million workers back to work by boosting productivity and bridging the global talent gap. 'I would recommend 100% of everybody take advantage of AI,' Huang advised. 'Don't be that person who ignores this technology and as a result, loses your job.' The debate around AI's impact is dividing the tech world. While Axios reported that Anthropic CEO Dario Amodei warns of mass layoffs, others like Mark Cuban point to historical job shifts. 'At one point there were more than 2 million secretaries,' Cuban wrote on Bluesky. 'New companies with new jobs will come from AI and increase total employment.' One thing is clear: ignoring AI is no longer an option. Whether it's a tool for job security or a looming threat, the era of AI-driven transformation is here, and it's moving faster than anyone Huang Says AI Will Change Everything—Here's How to Keep Your Job first appeared on Men's Journal on May 30, 2025
