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How Amazon Pharmacy Works, Services Offered

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Amazon just took a major step in disrupting the healthcare industry with the launch of Amazon Pharmacy in the U.S. Tuesday.

Amazon customers will now be able to purchase prescription medications through Amazon’s online store. Using secure pharmacy profiles, customers can add their insurance information, manage prescriptions and choose payment options before checking out.

Free two-day delivery and discounts will be available for Prime members. When paying without insurance, Prime members can save up to 80% off of generic drugs and 40% off brand name medications when paying without insurance.

“We designed Amazon Pharmacy to put customers first – bringing Amazon’s customer obsession to an industry that can be inconvenient and confusing,” said TJ Parker, vice president of Amazon Pharmacy in a press release.

Amazon has been dipping its toe in healthcare for years, most notably with the acquisition of online pharmacy startup PillPack in 2018.

Following the news, CVS  (CVS) - Get CVS Health Corporation Report, Rite Aid  (RAD) - Get Rite Aid Corporation Report, Walgreens  (WBA) - Get Walgreens Boots Alliance Inc Report and others plunged in premarket trading.

Amazon  (AMZN) - Get, Inc. Report stock moved slightly higher premarket. 

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