How Should an Employer Check a Benefits Contract With AI?

Mark Cuban tells employers to run every benefits contract through AI before they sign it. That includes the broker, the consultant, the third-party administrator, and the pharmacy benefit manager. The prompt asks one question: where the other side is ripping the employer off, and what to do about it. He says the problems show up in about 30 seconds.

He gets the contracts by sending agents after public records, requests for proposals, and similar files from states, cities, school districts, and unions. The request letters land in his email drafts. The files go to a Google Drive his models can read, and he asks each model for the good news, the bad news, and a short version he can send back. School districts, cities from Denver to Dallas to Fort Worth, and unions are getting ripped off.

If the employers who cover more than 160 million Americans did that and negotiated from what the model found, he says the big insurers, the pharmacy benefit managers, and their subsidiaries would collapse, and the cost of healthcare would drop. He does not start with a new law. A company puts one person in charge of the contracts. Public companies that tried it told him they had no idea how badly they were getting ripped off. A plan with more than 1,500 people, he says, can find savings into the millions.