Mark Cuban Says Giant Healthcare Conglomerates Are Abusing Their Power: 'There Is A Reason We Have Anti-Trust Laws'

Mark Cuban Says Giant Healthcare Conglomerates Are Abusing Their Power: 'There Is A Reason We Have Anti-Trust Laws' Mark Cuban Says Giant Healthcare Conglomerates Are Abusing Their Power: 'There Is A Reason We Have Anti-Trust Laws' Tanya Rawat Tue, May 26, 2026 at 8:01 PM GMT+2 7 min read Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Billionaire investor Mark Cuban on Sunday renewed calls to break up large healthcare conglomerates, arguing that vertically integrated insurers and providers have gained too much control over the U. S.

healthcare system. Posting on X, Cuban said major healthcare carriers and providers were "abusing their market positions" while regulators, including the Federal Trade Commission, failed to stop consolidation over the past decade. "There is a reason we have anti-trust laws," Cuban wrote.

"If you want less government in healthcare, it can't happen until these conglomerates are broken up. " Cuban also criticized lawmakers for failing to support the bipartisan "Break Up Big Medicine" bill introduced by Sen. Josh Hawley  (R-MO) and Sens.

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These 50 Must-Know Terms Can Help You Catch Up Fast He claimed several Democratic senators privately supported the legislation but were reluctant to publicly endorse it unless more Republicans joined the effort. "Other than Josh, not a single Republican senator I have talked to has the guts to stand up for it," Cuban wrote. Cuban Targets ‘Big Medicine' Cuban has repeatedly criticized consolidation across the healthcare industry, particularly the growing influence of vertically integrated insurers and pharmacy benefit managers.

Earlier this year, Cuban said large insurance companies controlled too many layers of healthcare , including pharmacy benefit managers, wellness programs and drug access. See Also: Avoid the #1 Investing Mistake: How Your ‘Safe' Holdings Could Be Costing You Big Time "There's just no way to compete with these enormous companies that just don't care," Cuban said during a policy conference in Washington earlier this year. "You have to break them up.

" Cuban also argued that financial pressures on doctors were accelerating consolidation. In a separate X post this month, he said rising medical school debt was pushing physicians to sell independent practices and join large healthcare systems. Drug Pricing Remains Key Focus The billionaire entrepreneur has increasingly positioned healthcare affordability and pricing transparency as central policy concerns.

Earlier this month, Cuban appeared alongside President Donald Trump during the expansion of the TrumpRx prescription drug platform , which added more than 600 generic medications. Story Continues At the event, Cuban praised efforts to reduce prescription drug costs, saying "anything that saves patients money is a win. " Image Credit: Cary Edmondson-Imagn Images Read Next:  Skip the Regrets: The Essential Retirement Tips Experts Wish Everyone Knew Earlier.

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