Amazon steps up healthcare efforts with $5 monthly subscription

Jan 24 (Reuters) – Amazon.com Inc (AMZN.O) said on Tuesday it is offering a $5 monthly subscription plan to US Prime members that will cover a range of generic drugs and their home delivery, bolstering the e-commerce giant’s push into healthcare. .

The program, named RxPass, includes more than 50 drugs that treat more than 80 chronic conditions such as high blood pressure, anxiety, diabetes and male pattern baldness, Amazon Pharmacy chief medical officer Vin Gupta told Reuters.

However, customers enrolled in Medicare, Medicaid, or any other government healthcare program will not be able to enroll in Amazon Pharmacy’s RxPass service.

The average Prime member would save about $100 a year with RxPass, John Love, vice president of Amazon Pharmacy, said in an interview. Amazon Prime members in most US states can sign up for the program starting Tuesday.

The fixed $5 fee would be without insurance and in addition to Prime membership fees, which cost $139 per year in the United States.

The new service aligns with Amazon’s focus on its healthcare portfolio, which in recent years has included telehealth, drug delivery, fitness trackers and cancer research. Read more

Amazon’s purchase of online pharmacy PillPack in 2018 helped the retail giant establish a prescription delivery and price comparison site. Today, his Pharmacy initiative poses a growing threat to drugstore retailers CVS Health Corp (CVS.N) and Walgreens Boots Alliance Inc (WBA.O).

“We believe many Americans, especially those with chronic illnesses, are going to benefit from Amazon’s simple participation in the pharmacy, the ability to get a high-quality experience delivered to your doorstep at a low cost. “Love said.

Reporting by Jeffery Dastin in Palo Alto, California and Chavi Mehta in Bengaluru; Editing by Devika Syamanath

Our standards: The Thomson Reuters Trust Principles.

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