Amazon is quietly offering exclusively made over-the-counter health products on its website.
Last fall, the e-commerce giant launched its Basic Care Line, which features 60 healthcare products ranging from ibuprofen to allergy medications. The exclusive line is produced by private-label manufacturer Perrigo and costs less than half of what similar products do at major retailers such as Walgreens and C-V-S. That means we all save a boatload.
Pharmacy retailers aren’t thrilled that the move is hurting foot-traffic and could slash profits for them. Last month Amazon announced a partnership with JPMorgan Chase and Berkshire Hathaway aimed at reducing healthcare costs. It’s being speculated that the company will be getting into the prescription medicine business as well.
Source: Business Insider