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(CNBC)   Amazon executives look around their virtual store, ask "What else do people want?" and decide it's prescription drugs   ( cnbc.com) divider line
    More: Interesting, Jeff Bezos, Amazon, Pharmacology, Medical prescription, Over-the-counter drug, Amazon employees, multibillion-dollar pharmacy market, Pharmacy Benefit Management  
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656 clicks; posted to Business » on 18 May 2017 at 9:48 AM (1 year ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



15 Comments     (+0 »)
 
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2017-05-18 08:22:25 AM  
Been getting my meds via express scripts now for about a year. Best thing I ever did. Fark you pharmacy line at Safeway!
 
2017-05-18 08:54:05 AM  
I can imagine all the people getting benzos delivered to their house/compound via drone. They'll be shot out of the sky.
 
2017-05-18 09:36:40 AM  
Add the word "Affordable" and I'm on board.
 
2017-05-18 09:51:54 AM  
Whatever, wake me when they start selling weed.
 
2017-05-18 09:59:51 AM  

TommyDeuce: Add the word "Affordable" and I'm on board.


It'll take a while before they roll this out in Canada.
 
2017-05-18 10:01:35 AM  
I loved watching my stock options tank in value this morning on the rumor this could be true.

Amazon would have such a huge hurdle of things they would need to get past first to break into the regulatory market, I doubt this occurs in the next 5 years, maybe even 10.
 
2017-05-18 10:08:01 AM  

jayphat: I loved watching my stock options tank in value this morning on the rumor this could be true.

Amazon would have such a huge hurdle of things they would need to get past first to break into the regulatory market, I doubt this occurs in the next 5 years, maybe even 10.


You realize this is Amazon right? If they thought they could make money on it OR garner market share to peddle other items, they will get past the hurdles very quickly. Even if that means buying an established scrips by mail player to rebrand.
 
2017-05-18 10:16:20 AM  

FuLinHyu: jayphat: I loved watching my stock options tank in value this morning on the rumor this could be true.

Amazon would have such a huge hurdle of things they would need to get past first to break into the regulatory market, I doubt this occurs in the next 5 years, maybe even 10.

You realize this is Amazon right? If they thought they could make money on it OR garner market share to peddle other items, they will get past the hurdles very quickly. Even if that means buying an established scrips by mail player to rebrand.


They could step in and offer $10 per share at Rite-Aid and get approval in 15 seconds over Walgreens.
 
2017-05-18 10:37:42 AM  

Russ1642: TommyDeuce: Add the word "Affordable" and I'm on board.

It'll take a while before they roll this out in Canada.


If Amazon partners ship to the US, it could be much much cheaper.
 
2017-05-18 02:15:23 PM  

jayphat: I loved watching my stock options tank in value this morning on the rumor this could be true.

Amazon would have such a huge hurdle of things they would need to get past first to break into the regulatory market, I doubt this occurs in the next 5 years, maybe even 10.


Not really, pharmacists open their own independent pharmacies all the time. That's all this would be, a large, central fill, mail-order pharmacy. Amazon would probably just go buy a handful of these facilities and plug in their normal order fulfillment processes. Then they'd use their buying power to get a better deal from rx drug wholesalers and undercut the existing players. I would use them if a doc could e-prescribed to Amazon and I get same day delivery without having to go to the disaster that is my local pharmacies.
 
2017-05-18 03:54:49 PM  

chasd00: jayphat: I loved watching my stock options tank in value this morning on the rumor this could be true.

Amazon would have such a huge hurdle of things they would need to get past first to break into the regulatory market, I doubt this occurs in the next 5 years, maybe even 10.

Not really, pharmacists open their own independent pharmacies all the time. That's all this would be, a large, central fill, mail-order pharmacy. Amazon would probably just go buy a handful of these facilities and plug in their normal order fulfillment processes. Then they'd use their buying power to get a better deal from rx drug wholesalers and undercut the existing players. I would use them if a doc could e-prescribed to Amazon and I get same day delivery without having to go to the disaster that is my local pharmacies.


A pharmacist opens his pharmacy in his state. 50 states of different regs and compliance on a massive scale? Yeah,that's going to take some doing. Plus, most pharmacist's aren't just opening a pharmacy and dropping meds in the mail. There is a ton of work to go into that too.

I could see Amazon buying a mail order business already established, but with the way RX reimbursement works, Amazon may balk at it and say "that's too damned complicated."
 
2017-05-18 05:55:01 PM  
Given that Amazon's CURRENT problem of note is that it's increasingly difficult (impossible) to tell whether you're buying from Amazon and its distributors or from some random arsehole reseller that has no connection whatsoever to Amazon other than posting products on its store front (including zero quality control, price accuracy, or customer service) then I can't imagine what could possibly go wrong with Amazon getting into the prescription drug business.

Oh, you are looking for insulin?  Here are 1,000 listings - your guess is as good as mine which one is from a real pharmacy and which is from Jin Yiang from XuShu province.
 
2017-05-18 09:45:47 PM  

cefm: Given that Amazon's CURRENT problem of note is that it's increasingly difficult (impossible) to tell whether you're buying from Amazon and its distributors or from some random arsehole reseller that has no connection whatsoever to Amazon...



You just need to read. If it says "fulfilled by Amazon" it's coming from Amazon's warehouse and covered by Amazon's return policy. If you use Prime 2-day shipping, it's always either Amazon supplying the product or Amazon fulfilling the order from drop-shipped Marketplace seller product, and again, always covered by their excellent return policy.

I've never had any problems with third-party sellers on Amazon because I always check the shipping situation. I've also sold on Amazon and have a perfect record with them. All you need to do is check the sellers listings under the "new and used" link to see each seller's rating, how long they've been active, and their shipping fees.

I don't understand why people have such a hard time figuring out how to find seller ratings and information on Amazon. It's right there. You'd trip over it if Amazon were a brick & mortar store.
 
2017-05-19 02:34:50 AM  

WilderKWight: cefm: Given that Amazon's CURRENT problem of note is that it's increasingly difficult (impossible) to tell whether you're buying from Amazon and its distributors or from some random arsehole reseller that has no connection whatsoever to Amazon...


You just need to read. If it says "fulfilled by Amazon" it's coming from Amazon's warehouse and covered by Amazon's return policy. If you use Prime 2-day shipping, it's always either Amazon supplying the product or Amazon fulfilling the order from drop-shipped Marketplace seller product, and again, always covered by their excellent return policy.

I've never had any problems with third-party sellers on Amazon because I always check the shipping situation. I've also sold on Amazon and have a perfect record with them. All you need to do is check the sellers listings under the "new and used" link to see each seller's rating, how long they've been active, and their shipping fees.

I don't understand why people have such a hard time figuring out how to find seller ratings and information on Amazon. It's right there. You'd trip over it if Amazon were a brick & mortar store.


Actually, that's not entirely true. Fulfilled by Amazon listings are commingled in the warehouse with the native products sold by Amazon proper. If you buy a memory card from Amazon, and not from a third-party seller mind you but from Amazon itself, a goodly fraction of the time you will get some 1/2gb knock-off crap with "32GB" stenciled onto the front.

Granted, it is still covered by Amazon's return policy since it was sold by Amazon, but it is a major hassle to the point of making the purchasing of memory cards impossible, as you need to return two or three before you get a real one, and then there's the risk of it having some sort of firmware virus.
 
2017-05-19 10:59:45 AM  
Ordered a glasses rack for <$5 the first of April. Showed up this past Tuesday, in a China Post bubble pack, with about $5 worth of bubble wrap around it. Other than it was missing the screws to assemble it, and it took a month and a half, I'm pretty happy with it. All my old-man eyewear is now neatly displayed. Whaddya want for less than five bucks?
 
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