Mark Cuban is On a Mission to Make Prescription Medication More Affordable. If His New Venture is Successful, It'll Help Millions of Americans

Americans spend more on prescription drugs than anyone else in the world, with the average person paying about $1,200 per year on medication. According to a December poll from the Kaiser Family Foundation, a quarter of all Americans say they have experienced trouble paying for prescribed medications, with 16 percent saying they have not filled a prescription because they couldn't afford the bill.

Entrepreneur Mark Cuban is out to change this with his latest venture: Cost Plus Drug Company. He's out to eradicate the pricing games so many pharmaceutical companies play and take out the middleman between life-saving medication and consumers. How? With a transparent pricing strategy that will let all of us buy prescription medication at cost plus a 15 percent markup…a far cry from the typical 30 percent to 700 percent that currently happens.

'We started this company as an effort to disrupt the drug industry and to do our best to end ridiculous drug prices,” writes Cuban in his mission statement. 'When you get your medicine from Cost Plus Drug Co., you'll always know exactly how we arrived at the price you pay. And as we grow and our costs go down, we will always pass those savings on to you!”

To that we say thank you, Mark Cuban! Bravo for being the kind of entrepreneur trying to solve one of our country's biggest problems and save lives…literally!…in the process.