Amazon vs. Walmart: Can Corporate America Lower Drug Prices?

| April 10, 2018

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The former statement comes as no surprise. Americans spend $450 billion on medications annually, a figure projected to reach as much as $610 billion by 2021.(www.cnbc.com) Every family physician knows patients who have cut their meds in half, skipped doses or simply forgone medications because they could not afford them. We've spent endless hours on prior authorizations or rewriting prescriptions to meet formulary demands and get patients more affordable medications. Pharmaceutical companies, payers and Congress have been unable -- and, in some cases, unwilling -- to drive costs down, but now there are new players entering the health care field: corporate retailers. Walmart is in talks to buy Humana,(www.foxbusiness.com) poised as competition for the CVS-Aetna merger. Meanwhile, Walmart rival Amazon is pursuing a joint venture with Berkshire Hathaway and JP Morgan Chase. These retailers could drive down drug prices by collapsing the complex layers of the pharmaceutical supply chain.

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Linical

Linical Co., Ltd. is a global CRO incepted in 2005. Headquartered in Osaka, Japan, we are dedicated to serve our clients as a true partner.

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