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Mark Cuban says healthcare companies are sued daily, usually lose and are 'too big to care.' He has a better solution

Mark Cuban says healthcare companies are sued daily, usually lose and are 'too big to care.' He has a better solution

Billionaire entrepreneur Mark Cuban has criticized healthcare companies for frequently facing lawsuits, usually losing them, and being "too big to care" about the consequences. According to Cuban, these multi-hundred-billion-dollar corporations get sued daily by cities, states, and the federal government, often paying hundreds of millions in fines and settlements.

He believes these companies can treat lawsuits and fines as a cost of doing business, as the financial gains from questionable practices can outweigh the eventual penalties—an issue he calls "enforcement arbitrage." Cuban advocates for a tri-partisan commission to establish regulations and guardrails for large healthcare companies, aiming to prevent them from exploiting these loopholes and profiting from risky behaviors.

Written by urgent.news from Yahoo Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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