The prescription-drug market will be transformed by Amazon's latest acquisition and the dynamics of health insurance in Corpus Christi will immediately be altered.

With Amazon's entrance into the prescription drug market, all participants, including insurance providers and consumers, in Corpus Christi health insurance will be effected.

(firmenpresse) - Amazon Inc. had said they were planning to transform the health care industry and now with their latest move, all participants of [Corpus Christi health insurance](http://insurance4dallas.com/corpus-christi-health-insurance/) will certainly will be impacted. Amazon has announced they will purchase the online pharmacy PillPack for approximately $1 billion dollars.

Physical pharmacy giants such as Walgreens Boots Alliance Inc. and CVS Health Corp had already braced for and began implementing counter-measures to soften the threat Amazon posed to their market share and ultimately, profits. But Amazon always makes a big splash. In order to get a sense of how lucrative the prescription drug market has been, U.S. consumers spent approximately $329 billion on retail prescription drugs in 2016. Walgreens and CVS made up nearly one-third of that figure with combined sales nearing $120 billion.

Insurance companies and traditional prescription-drug organizations providing [health insurance in Corpus Christi](http://insurance4dallas.com/health-insurance-in-corpus-christi-tx/) will soon be affected by the online retail giants efforts to disrupt the prescription market. PillPack already has agreements with most major drug-benefit managers such as Express Scripts and CVS and serves Medicare Part D drug plans. Consumers in cities like Corpus Christi with health plans could quickly begin to see lower prices for their prescription drugs.

Another key benefit PillPack could offer potential consumers that physical pharmacies currently cant match is convenience. PillPack typically sells pre-sorted packets of prescriptions drugs and does something Amazon knows quite a bit about-- mails them directly to customers in their homes. They have also developed proprietary technology which automates tasks like refill verification, insurance confirmation, and co-pay determination. In traditional pharmacies, several of these processes are still completed manually and of course, requires patients to pick up their medicine in person.

Rick Thornton, a [Corpus Christi health insurance agent](http://insurance4dallas.com/corpus-christi-health-insurance-agent/), thinks this new development will be significant. Amazon has unequivocally established dominance in online retail. I believe Corpus Christi consumers will now get some much-needed relief in prescription drug costs. This could help stabilize the upward trend weve seen for quite some time, he states.

Earlier in 2018, Amazon had announced a new venture with JP Morgan Chase and Berkshire Hathaway to address health-care benefits. Combine this with Amazons purchase of PillPack, its clear the prescription drug industry will no longer be following the status-quo in the near future.

Insurance4Dallas, (I4D), helps insure all of Texas, Oklahoma, Arkansas, Arizona, Louisiana, New Mexico, Alabama, Virginia and Florida. [Insurance4Dallas](http://insurance4dallas.com/dallas-health-insurance) provides consumers with detailed information on health insurance with the ability to purchase health insurance online. Insurance4Dallas provides a full spectrum of health, dental, vision, life and ancillary insurance products, providing a diverse selection of price and benefit options complemented by personal customer service. Available via phone, email or fax, Insurance4Dallas answers consumer questions throughout the purchasing process and during the utilization of its health insurance policies.

Weitere Infos zu dieser Pressemeldung:

Themen in dieser Pressemitteilung:


Unternehmensinformation / Kurzprofil:
Leseranfragen:
Bereitgestellt von Benutzer: alekspressdev
Datum: 30.06.2018 - 21:59 Uhr
Sprache: Deutsch
News-ID 577654
Anzahl Zeichen: 3700

contact information:
Contact person: Rick Thornton
Town:

Corpus Christi

Phone: +1-512-410-4535

Kategorie:

Healthcare & Medical

Typ of Press Release: Unternehmensinformation
type of sending: Veröffentlichung
Date of sending: 30/06/2018

Diese Pressemitteilung wurde bisher 728 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"The prescription-drug market will be transformed by Amazon's latest acquisition and the dynamics of health insurance in Corpus Christi will immediately be altered."
steht unter der journalistisch-redaktionellen Verantwortung von

Insurance4Dallas (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

Austin Small Business Group Insurance Plans Improve Chronic Care Access ...

Austin Small Business Group Health Insurance plays a critical role in ensuring the well-being of employees by providing access to essential medical treatments. Chronic illnesses, including multiple sclerosis (MS), require consistent medical attention ...

Irving Health Insurance Launches Personalized Plans for Diverse Needs ...

Irving health Insurance provides a wide range of benefits designed to meet the diverse needs of individuals, families, and businesses. Offering tailored plans, it ensures flexibility and affordability for all members, enabling access to quality healt ...

Austin health insurance sees growing demand for customized health plans ...

Austin health insurance has become a critical consideration for individuals and families seeking reliable and comprehensive coverage options tailored to their specific needs. It is increasingly important to have a clear understanding of the choices a ...

Alle Meldungen von Insurance4Dallas