Mark Cuban, the billionaire entrepreneur and "Shark Tank" star, has no interest in running for office. When asked if he would ever consider running for president, Cuban responded bluntly: "No, hell no." For him, the political arena isn't the best place to make a difference, especially when changing the health care system.
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"You can't be president and change health care," Cuban told Wired. "You've got to get Congress behind you and this and that." He thinks partisanship and bureaucracy limit the ability of politicians to effect meaningful change. Rather, he believes the private sector offers a more potent means of effecting change.
Cuban is proving this with his online pharmacy, launched in January 2022, which aims to tackle high drug prices by selling medications with minimal markups. Cuban's approach is simple: the base price of the drug, plus a 15 percent markup, a $5 pharmacy fee, and $5 for shipping.
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Cuban's no-nonsense style and business acumen have made him a favorite on "Shark Tank," but his ambitions go beyond TV fame. "As an entrepreneur, you can change anything," he said.
He points to tech innovators like Jensen Huang, CEO of Nvidia, as examples of how entrepreneurs can define the future by their actions. "He can pretty much define what's going to happen by how he prices things," said Cuban.
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Cuban also has strong opinions about the two-party system in the U.S. He's been critical of both major political parties, even consulting lawyers about filing antitrust actions against them. "If I could wave the magic wand, I'd get rid of the two parties," he said in an interview. He believes the current political system drives candidates to extreme positions, making finding common ground and real solutions hard.
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Despite his outspoken views and his innate ability to shake things up, Cuban has no plans to jump into the political fray. Instead, he's focused on making changes from the outside. "Who would put themselves through that?" he said about running for president.
Cuban is convinced he can do more good as an entrepreneur than a politician, and he's set on using his influence and resources to fix what he can – whether it's the health care system, the cost of prescription drugs, or how business is done.
Nevertheless, Cuban chose his side, joining hundreds of venture capitalists in pledging support for Vice President Kamala Harris in the 2024 presidential election.
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