Amazon opens online pharmacy, shaking up another industry
NEW YORK (AP) — Now at Amazon.com: insulin and inhalers. The retail colossus opened an online pharmacy Tuesday that allows customers to order medication or prescription refills, and have them delivered to their front door in a couple of days.
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Amazon launches online pharmacy in challenge to traditional retailers
Shares in Walgreens and CVS hit as ecommerce giant offers huge discounts on prescription drugs
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Amazon opens online pharmacy with prescription delivery
Prime members get free two-day shipping on orders from Amazon Pharmacy, which accepts most insurance plans.
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Shares of drugstore chains sank in pre-market trading, with CVS dropping about 9% and Walgreens slumping 12%. Amazon shares rose 2.6%.
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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, which the company said will be up to 80% off for generic medications and up to 40% off brand-name medications.
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RIP CVS and Wallgreens. Welcome to the new normal!
How can Amazon demolish another industry? With more money!