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Amazon Buys Pill Distributor, Sends Pharmacy Stocks Tumbling

posted by martyb on Sunday July 01 2018, @11:21PM   Printer-friendly
from the resistance-is-futile dept.

bob_super writes:

By buying an online pharmacy allowed to deliver in all US states for a billion dollars, Amazon entered a new market and caused incumbents' stocks to plummet. The stock valuations of the traditional players lost 12.8 billion dollars just from the announcement.

Will Amazon help Americans afford their medications? How does it factor in with their announcing a combined healthcare provider with JPMorgan and Berkshire Hathaway, and will it scale to the rest of us from there?

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  • (Score: 2, Informative) by Anonymous Coward on Monday July 02 2018, @03:30AM

    by Anonymous Coward on Monday July 02 2018, @03:30AM (#701178)

    I used to get my meds from Indian manufacturers. My bloodwork showed they were legit. Pennies on the dollar compared to what "insurance" claims they cost. Hell, pennies on the dollar compared to the "great deal" insurance claims I'm getting. The price of drugs is pure bullshit.

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