Amazon Launches Online Pharmacy Service
- 3 years ago
Amazon Launches
Online Pharmacy Service.
Amazon has announced their entry
into the $300 billion pharmacy market
with a new service called Amazon Pharmacy. .
Customers over the age of 18
in 45 states will now be able
to order prescription medication
for home delivery.
Hawaii, Illinois, Kentucky, Louisiana and
Minnesota are not included, but Amazon expects
to serve those states in the future.
Amazon Pharmacy will
reportedly accept most forms
of insurance as well as offer
savings for uninsured customers.
Doctors will also be able to send prescriptions
directly to Amazon Pharmacy, as the service will have tools to
verify legitimate prescriptions and prevent potential fraud. .
In addition, Amazon Prime members will
receive free two-day delivery and access
to discounts of up to 80 percent on generic
medications and 40 percent on brand-name. .
We think this new benefit will add tremendous
value to our members … It’s relevant as folks try
to do more from the comfort and safety
of their homes, Jamil Ghani, Vice President of Amazon Prime. .
Since its launch on Tuesday, stocks for
traditional pharmacies and retailers that offer
pharmacy services have dropped. .
CVS shares fell 7.5 percent, Walgreens Boots Alliance
shares dropped more than 10 percent and shares of
Rite Aid dropped more than 11 percent
Online Pharmacy Service.
Amazon has announced their entry
into the $300 billion pharmacy market
with a new service called Amazon Pharmacy. .
Customers over the age of 18
in 45 states will now be able
to order prescription medication
for home delivery.
Hawaii, Illinois, Kentucky, Louisiana and
Minnesota are not included, but Amazon expects
to serve those states in the future.
Amazon Pharmacy will
reportedly accept most forms
of insurance as well as offer
savings for uninsured customers.
Doctors will also be able to send prescriptions
directly to Amazon Pharmacy, as the service will have tools to
verify legitimate prescriptions and prevent potential fraud. .
In addition, Amazon Prime members will
receive free two-day delivery and access
to discounts of up to 80 percent on generic
medications and 40 percent on brand-name. .
We think this new benefit will add tremendous
value to our members … It’s relevant as folks try
to do more from the comfort and safety
of their homes, Jamil Ghani, Vice President of Amazon Prime. .
Since its launch on Tuesday, stocks for
traditional pharmacies and retailers that offer
pharmacy services have dropped. .
CVS shares fell 7.5 percent, Walgreens Boots Alliance
shares dropped more than 10 percent and shares of
Rite Aid dropped more than 11 percent