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Why it matters through Axios' Dan Primack: With the transition of the pharmaceutical business to digital technology, it could be a big challenge for companies like CVS and Walgreens, whose stock is wobbling this morning after Amazon's announcement.
Amazon's jump into the pharmaceutical business, along with its involvement in food shopping, could force customers to substitute their shopping needs by using Amazon only, potentially affecting retailers that also provide pharmacy services such as Walmart and Target.
The big picture: The launch comes as Americans continue to rely on mail order medication in a coronavirus pandemic. According to CNBC, this could be a constant change.
It's worth noting: We could have anticipated this when Amazon purchased PillPack by mail in 2018.
Amazon said that PillPack will continue to serve customers after the launch of Amazon Pharmacy because it is designed to serve those who take multiple prescriptions for chronic diseases.
Details: Amazon said most insurances are accepted, but Amazon Prime members can access drug savings even without insurance.
Customers can add insurance information, manage prescriptions and choose payment options before they leave, and Prime members receive unlimited free delivery.
Doctors can submit prescriptions directly to the Amazon Pharmacy for fulfillment.