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Topic	Amazon set to purchase PillPack, venturing into retail pharmacy
FLUFFYGERM 06/29/18 11:29:03 AM #12:	DezDroppedFreak posted... FLUFFYGERM posted... This should introduce some serious competition into that space, which is a good thing for the consumer. The big players in pharmaceuticals and health insurance were scared of Amazon getting into the industry in earnest because the competition could force some serious reductions in pricing in order for companies to stay relevant. I wouldn't be opposed to Amazon rolling out drone delivery of medicine for a fraction of the cost of what other pharmaceuticals are offering. Retail pharmacy pricing is by and large dominated by insurance. Really this only comes down to cash pricing/if amazon can get in bed with private insurance companies for preferred status (which we all know they can) If Amazon can produce medicine on its own by acquiring key businesses, it can set the price to whatever it wants. And since it's such a huge entity, Amazon can eat the costs of R&D into new medication and still sell medicine for a fraction of the cost since they make tons of revenue elsewhere. --- Do good. Eat communists. <cite>FLUFFYGERM posted [p:904184851] in Amazon set... [t:76761591]...</cite> <quote><cite>DezDroppedFreak posted...</cite> <quote><cite>FLUFFYGERM posted...</cite> <quote>This should introduce some serious competition into that space, which is a good thing for the consumer. The big players in pharmaceuticals and health insurance were scared of Amazon getting into the industry in earnest because the competition could force some serious reductions in pricing in order for companies to stay relevant. I wouldn't be opposed to Amazon rolling out drone delivery of medicine for a fraction of the cost of what other pharmaceuticals are offering.</quote> Retail pharmacy pricing is by and large dominated by insurance. Really this only comes down to cash pricing/if amazon can get in bed with private insurance companies for preferred status (which we all know they can)</quote> If Amazon can produce medicine on its own by acquiring key businesses, it can set the price to whatever it wants. And since it's such a huge entity, Amazon can eat the costs of R&D into new medication and still sell medicine for a fraction of the cost since they make tons of revenue elsewhere. --- Do good. Eat communists.</quote> ... Copied to Clipboard!
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