Amazon opens online pharmacy

Hey Readers, Welcome to StockXpo.com. There is one interesting news for all people awaiting for the COVID-19 vaccine. Biotechnology firm Moderna announced one new vaccine and it’s 94% effective in preventing illness, including severe cases as the whole world is waiting to get relief from COVID-19 and to be back on track and live their life happily and peacefully. As Coronavirus had  some worst effects on economic conditions, this is little relief for everyone and a positive news.

The E-commerce Giant Amazon has opened an online pharmacy on Tuesday, the 17th of November, which allows customers to order medication or prescription refills, and have them delivered to their home in just a couple of days.

As you all know that you can sell your products to crores of customers across India which is one of the best parts of amazon . Also you can track your order , cancel your order and you can also get refund money which is another best part of amazon .  Many people order different products and also they give huge discounts on Festival season. One of the best qualities of amazon is reliability and safety.

Amazon has also become a threat to shipping companies, delivering more than half of its own packages itself. Vans stamped with the Amazon logo have become as common a sight as the UPS truck.

The company said its online pharmacy will offer commonly prescribed medications in the U.S., including creams, pills, as well as medications that need to stay refrigerated, like insulin. Shoppers have to set up a profile on Amazon’s website and have their doctors send prescriptions there. It won’t ship medications that have a high risk of being abused, like some opioids.

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Most insurance is accepted, Amazon said. But Prime members who don’t have insurance can also buy generic or brand name drugs from Amazon for a discount. They can also get discounts at 50,000 physical pharmacies around the country at Costco, CVS, Walgreens, Walmart and other stores.

Health economist Craig Garthwaite sees several reasons Amazon may become an attractive option for patients looking to fill prescriptions.

The retailer is a known entity that many people already use. It may be able to make price shopping for prescriptions more pleasant, and it might be competitive on the pricing of generic drugs, said Garthwaite, who teaches at Northwestern University’s Kellogg School of Management.

Amazon’s prescription business could be appealing to the uninsured or people who have plans that make them pay a high deductible first before their coverage starts, added John Boylan, an analyst who covers Walgreens for Edward Jones.

He said Amazon’s move will mostly affect smaller drugstores that don’t have either the retail giant’s purchasing power or deals that major drugstore chains have with insurers to funnel patients to their stores for prescriptions.

Amazon has eyed the healthcare industry for some time. Two years ago, it spent $750 million to buy online pharmacy PillPack, which organizes medication in packets by what time and day they need to be taken.

Separately, it also has formed a venture named Haven with JPMorgan Chase and Berkshire Hathaway to focus on improving the care their employees receive and managing the expense.

CVS and Walgreens, which had opened thousands of drugstores nationwide to get closer to customers, have been trying to adjust to the rise of online shopping by offering same-day deliveries in many markets.

Walgreens also has a partnership with FedEx for a delivery service that takes a day or two. Walgreens CEO Stefano Pessina told analysts in July that the company has seen “unprecedented demand” for both home delivery and online services as the COVID-19 pandemic unfolded earlier this year.

Both companies also are providing more care and helping customers monitor chronic conditions like diabetes with services that can’t be delivered by competitors such as Amazon.

So as we had seen that Amazon had done all this and they had made sure to provide it for the betterment of US users so let’s hope it will come soon to indian users also and we hope they will provide  it in the most affordable pieces as always they do .

REF: Amazon opens online pharmacy, shaking up another industry