Dr. Oz Welcomes Amazon's Desires to Enter the Pharmacy Business

Famed television host Dr. Oz supports Amazon's potential move into the pharmacy business, pointing to the company's track record of lowering prices for consumers.
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When asked about media reports that Amazon (AMZN) - Get Report is looking to get into the pharmacy business, Dr. Oz is in favor of such a move. "I think Amazon has gone into a lot of sectors that aren't as efficient as they should be and forced efficiency," he said.

Dr. Oz said there needs to be more transparency so consumers know exactly what their drugs cost.

"I'm a heart surgeon - I still practice medicine - when I prescribe a medication for you, I have no idea what it's going to cost you," he said.

Dr. Oz pointed to technology advancements in the coming months that will allow doctors to have a better sense of what drugs costs so they can keep the financial aspect in mind when treating patients.

Dr. Oz is the author of Food Can Fix It and host of the syndicated talk show The Dr. Oz Show.

Watch our entire interview with Dr. Oz:

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Editors' pick: Originally published Oct. 19.