Another major crisis in America today is health care. It’s another arena the politicians promise to fix, but end up broker than before. The solutions for this problem aren’t forthcoming either. Depending on what side of the political aisle you’re on, there are ideas but no real answers. That’s dismaying for millions of Americans struggling with their health.
Thankfully, there are companies like Amazon who can do a lot to fix the broken mess. Known as the ‘everything store’, Amazon just about sells everything. The only market it hasn’t jumped into yet is healthcare. But many experts are saying that Amazon’s next big move is indeed selling prescription drugs.
Sure enough, Amazon spent $1 billion acquiring PillPack, which markets itself as an online pharmacy. Still, it’s going to take some time to get prepared, but this could be a market worth billions for Amazon. Although, it’s probably not going to be an easy road. Amazon has a lot of competitors in this space.
Keeping Drug Prices High Puts Health at Risk
There’s an effort by certain companies, even competitors, to keep the price of drugs high. That’s how they make profit. Since insurance covers a lot of medication, there’s no concern for prices to lower. It’s long been understood that drug companies put profit over the health of people. They don’t mind, for example, surging the price of lifesaving drugs like EpiPen.
EpiPen was once a few dollars and only costs a few cents to make. Mylan, the maker of EpiPen, infamously jumped the price over 400% for not other reason than pure profit. There’s no wondering why big pharma has a bad reputation. With Amazon jumping into the market, it can potentially save a lot of lives.
https://financialhelpers.com/did-you-miss-the-tax-deadline-dont-panic/
The goal is to make health care cheaper in this country. We have the most expensive care and prescription drugs on earth. People are dying because they can’t get their hands on the treatments and medications they need. If Amazon can come in and compete with lower prices, it might put some of these other profit machines out of business.
