Amazon has begun offering six-month prescriptions to customers without insurance for just $6 as it makes another huge push to disrupt the pharmacy sector.
Amazon has once again sent stocks in leading pharmacy retailers like Boots owner Walgreens and CVS falling in morning trading as it announced a new online prescription service for medications for common ailments.
Customers in the US will now be offered subscriptions on routine medications like drugs to treat diabetes and blood pressure for as little as $1 per month, including free two-day delivery.
According to Amazon, Prime members will get additional savings when paying without insurance.
Prime subscribers will also be offered six-month prescriptions, not offered by the majority of insurance companies, starting at $6 for drugs like amlodipine and simvastatin, used to treat high blood pressure and cholesterol.
Shoppers can now also search their medication by name and find out if its available for a six-month supply and what the price will be, but supplies will only be available to customers who already have a prescription from their healthcare provider.
“We want to make filling a prescription just as easy as shopping on Amazon,” Amazon Pharmacy’s vice president TJ Parker said.
He added that the company is able to by drugs in bulk and use the savings to reduce costs and undercut its more established rivals.
Last month it was reported that Amazon could soon open physical pharmacy stores in the US, following the launch of its online pharmacy service offering up to 80 per cent discounts for Prime subscribers in November.
The online retail giant has had its sights set on the market for some time, having purchased mail-order pharmacy PillPack for $750 million in 2018, followed by the launch of its own branded drugs last year.
While Amazon Pharmacy is only available in the US for now, its likely the service will be rolled out internationally soon as Amazon tries to cash in on the online pharmacy market, set to be worth $131 billion worldwide by 2025.