Listen Now: Amazon Pharmacy
Amazon is expanding its empire—by stocking your medicine cabinet.
Amazon is now delivering prescription medication to its US customers with the launch of its new pharmacy service. Interested customers have to set up a profile, enter their insurance information and select a payment plan to get started. Then, doctors can send prescriptions straight to the site. Medications with a high risk of being abused, such as opioids, will not be available.
Most insurance is accepted and Prime members without insurance can purchase generic or brand name drugs at a discount. Prime members can also get discounts at physical pharmacies such as CVS, Walgreens and Walmart.
Economists say this will appeal to customers who already use Amazon to check off their shopping list. Plus, it guarantees door-to-door service at a time when people aren’t leaving their homes.
Others say this is just another example of Amazon disrupting a major industry. It all started with books, then spread to almost everything else you can imagine, including groceries and shipping.
In fact, to most people, if you can’t find it on Amazon, then it probably doesn’t exist.
CBS News Radio national business journalist Brian Banmiller has spent more than 40 years in the news industry, covering business, politics and the economy on television, radio and in print. Currently, his “Banmiller on Business” reports are delivered to an audience of millions nationwide.
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