Mark Cuban on why AI is the wrong job-killer target: it’s the healthcare costs, stupid
Source: Fortune ·
It’s far easier to blame AI than it is to blame Healthcare costs,” the billionaire and founder of Cost Plus Drugs said. The math makes his point.
From the source
Billionaire Mark Cuban says skyrocketing healthcare costs, not AI, are the biggest threat to jobs. While Cuban may be best known for his time as a former investor on the hit show Shark Tank, as well as for his more than two decades as an owner of the Dallas Mavericks, he has become deeply involved in the mechanics of the healthcare industry since founding his online discount pharmacy Cost Plus Drugs in 2022. In an X post last month, Cuban wrote: “I hope people realize that for the foreseeable future, the cost of healthcare benefits will get more people fired, or not hired, than AI.” His comments on AI and healthcare come as companies prepare to pass along rising healthcare costs to employees and increasingly scrutinize headcount thanks in part to the influence of AI tools. The U.S. spends more on healthcare costs than any other country, and that sum has skyrocketed over the past two decades. As of the last available figures reported by the Centers for Medicare & Medicaid Services in…