According to Mark Cuban, plans offered by existing large insurance carriers to retailers and associations would be low quality because incumbents would expand information asymmetry and continue abusive practices, affecting the economics of association health plans and retailer-distributed coverage models, source: Mark Cuban on X, Dec 3, 2025. He states the Affordable Care Act failed because policymakers let insurers and hospital networks become behemoths that underpay or deny payments to providers and leverage PBMs to harm patients, source: Mark Cuban on X, Dec 3, 2025. He argues PBMs will not become honest simply by selling through Costco, Amazon, or Home Depot and warns retailer-based health plan distribution could worsen outcomes, source: Mark Cuban on X, Dec 3, 2025. He calls for the DOJ and FTC to consider breaking up large carriers and hospital networks to enable transparent competition, while supporting ending state line restrictions and allowing physician-owned hospitals, source: Mark Cuban on X, Dec 3, 2025. For traders, his critique directly targets major insurers and PBM operators such as UnitedHealth Group UNH, Elevance Health ELV, Humana HUM, CVS Health CVS, and Cigna CI, as well as retailer healthcare initiatives at Amazon AMZN, Costco COST, and Home Depot HD, source: Mark Cuban on X, Dec 3, 2025. He makes no mention of cryptocurrencies or digital assets in the post, source: Mark Cuban on X, Dec 3, 2025.

According to @mcuban, annual premium subsidies funneled into HSAs create a strong incentive for healthy consumers to pick the lowest-premium plans that maximize HSA deposits and keep the spread. Source: Mark Cuban on X, Nov 20, 2025. He argues insurers will roll out zero-premium-style products similar to Medicare Advantage, enabling carriers to profit from enrollment shifts into these designs. Source: Mark Cuban on X, Nov 20, 2025. For traders, his thesis points to potential upside for managed care and HSA platforms if this policy path advances; key liquid exposures include UnitedHealth Group (UNH) and CVS Health (CVS) for Medicare Advantage scale, and HealthEquity (HQY) and Optum Bank under UnitedHealth for HSA assets. Source: UnitedHealth Group 2023 Form 10-K; CVS Health 2023 Form 10-K; HealthEquity FY2024 investor materials. Cross-asset context: policy headlines that lift healthcare heavyweights can move major equity indices, and research has documented episodes of elevated crypto–equity correlation that can transmit risk-on flows to Bitcoin. Source: IMF Global Financial Stability Note 2022; Mark Cuban on X, Nov 20, 2025.