Mark Cuban Says It's 'An Embarrassment' If His Employees End Up On Medicaid. To Him, It Means Taxpayers Are Subsidizing His Business

Core Viewpoint - Mark Cuban emphasizes that companies have both a moral and financial obligation to pay their workers adequately to prevent reliance on public assistance programs like Medicaid [2][3]. Group 1: Corporate Responsibility - Cuban argues that it is an embarrassment for any employee to rely on Medicaid, indicating that their wages are insufficient and that taxpayers are unfairly subsidizing businesses [2]. - He believes that businesses should take responsibility for ensuring their workers' financial stability, which includes raising wages and providing long-term benefits such as equity [3]. - Cuban views reliance on public assistance as a red flag for companies, suggesting they are failing to meet their obligations to employees [3]. Group 2: Critique of Systems - Cuban's frustrations reflect a broader critique of the American healthcare and employment systems, advocating for changes that promote worker well-being [4]. - He is working on initiatives like Cost Plus Drugs, aimed at providing transparent and affordable prescription drug pricing [4][5]. - Cuban has proposed policies to empower workers, such as guaranteeing insurance deductibles and promoting employee stock ownership [5]. Group 3: Economic Implications - He suggests that providing equity to employees in proportion to their earnings could lead to lower taxes, benefiting both workers and the economy [5].