Amazon is moving into health care, its next big market

  • 📰 CNBC
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

Health Health Headlines News

Health Health Latest News,Health Health Headlines

Amazon isn't the everything store -- yet.

It's a highly complex market, but it's worth billions of dollars for Amazon.

Health experts say it's a matter of time before Amazon sells prescription medicines on its online marketplace.," but it's missing one major category. And that's our prescription medicines. But that might soon change, in the wake of Amazon's roughly $1 billion acquisition of PillPack, an internet pharmacy.

Health experts told CNBC that it's only a mater of time before Amazon starts selling prescription drugs on its online marketplace, and that it's assembling a team to do just that. For Amazon, pharmacy represents a multibillion market opportunity, but it's also highly complicated and will involve battling with some entrenched competition that has a vested interest in keeping drug prices high.

But Amazon, with its scale, leverage, and supply chain expertise, could be the company to do it, the experts said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I stopped buying from Amazon, I found better deals elsewhere. And they treat their employees horribly.

They do have teacher supplies, and clearthelist is a movement to help teachers collect what they need. Join the movement. My list is below. clearthelists clearthelist support_a_teacher supportateacher teachertwitter teachershelpingteachers

After reading about the number of items from third party sellers not meeting safety standards, no way.

There is this issue with standard delivery services used to transport our meds by mail. Mail-order pharmacy has risks & patients must be warned. Because UPS doesn't seem to care any more than the PBMs CVS ExpressScripts OptumRX that force us to mail.

Please Read: Due to Risk, Mail Order Pharmacy Is NOT Your Next Netflix & Blockbuster ' With each shipment, the risk of the package being destroyed, mishandled, stolen or delayed is a real threat to a patient's health. '

No thanks

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in HEALTH

Health Health Latest News, Health Health Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Alexa, find me a doctor': Amazon Alexa adds new medical skillsAmazon is moving more deeply into the $3.5 trillion health care sector. Over time the medical incentive of the patient will be drowned out by commercial incentive of local medical professionals. Left unregulated AI of alexa, siri, and search engines will all become advertising platforms
Source: CNBC - 🏆 12. / 72 Read more »

Amazon has quietly removed promotional spots that gave special treatment to its own productsAmazon has quietly removed some of its most aggressive promotions for private label products, following increased regulatory scrutiny of tech giants in recent months.
Source: CNBC - 🏆 12. / 72 Read more »