Markets

Pharmacy stocks are getting Amazon’d as the consumer giant pushes into online prescriptions — and CVS and Walgreens are tanking

Amazon’s launch of its own digital pharmacy on Tuesday sent rival pharmacy stocks reeling, with CVS, Walgreens, and Rite-Aid each falling more than 8%. Amazon first entered the pharmacy business in 2018 with its $US753 million acquisition of PillPack, which signalled to investors that Amazon’s interest in offering prescription medicines […]
Pharmacy stocks are getting Amazon’d as the consumer giant pushes into online prescriptions — and CVS and Walgreens are tanking
News

Millions of poor Americans could get left out of Trump’s legally dubious plan to send $200 drug discount cards to Medicare beneficiaries

Trump’s legally dubious pledge to send out $US200 cards to Medicare beneficiaries could leave out 13 million low-income Americans receiving federal aid within the program. The “Extra Help” program within Medicare provides poor Americans with subsidies that can be used towards prescription drug copays and premiums. The administration appears to […]
Millions of poor Americans could get left out of Trump’s legally dubious plan to send $200 drug discount cards to Medicare beneficiaries
News

Trump claimed he would mail $200 cards to millions of older Americans weeks before the election — but it’s not clear he can actually do it

President Donald Trump said on Thursday that older Americans would receive $US200 for prescription drugs in the coming weeks, a brazenly political effort to win them over before Election Day. “Nobody’s seen this before. These cards are incredible,” Trump said at an event in North Carolina. It wasn’t immediately clear […]
Trump claimed he would mail $200 cards to millions of older Americans weeks before the election — but it’s not clear he can actually do it
News

The White House botched a deal to lower prescription prices because drug companies wouldn’t budge on its request to pay for $100 gift cards that would have been mailed to seniors before the election

The Trump administration botched a deal with drug companies to lower the price of prescription medications because it wanted the industry to pay for $US100 gift cards that would have been sent to seniors before the November elections, The New York Times reported on Friday. The proposed $US150 billion deal […]
The White House botched a deal to lower prescription prices because drug companies wouldn’t budge on its request to pay for $100 gift cards that would have been mailed to seniors before the election
News

Hydroxychloroquine, what it is, and what it does to your body

Hydroxychloroquine is an anti-malaria and autoimmune prescription drug that has shown effectiveness against viral infections in-vitro. That versatility puts hydroxychloroquine at the forefront of a potential treatment for COVID-19. Studies done in a lab have shown it can have a fighting chance against coronaviruses but that isn’t the same as […]
Hydroxychloroquine, what it is, and what it does to your body
Strategy

Ten years ago, I testified before Congress about drug pricing — and it’s only gotten worse. Here’s what’s wrong, and how we may be able to fix it.

Jasmin Weaver is the executive vice president of Civic Ventures. She has worked at the state, local, and federal levels developing and implementing policies and overseeing advocacy efforts. She is a rotating co-host of the Pitchfork Economics podcast with Nick Hanauer. She testified before Congress about “out of control prescription […]
Ten years ago, I testified before Congress about drug pricing — and it’s only gotten worse. Here’s what’s wrong, and how we may be able to fix it.
Markets

Nearly three-quarters of all consumers are willing to purchase prescription drugs through Amazon, as the e-commerce giant seeks to tap into a $300 billion market

Amazon is moving aggressively into the healthcare space, as shown with its recent acquisition of digital pharmacy startup PillPack. But are consumers willing to purchase drugs through Amazon? A recent survey by Deutsche Bank indicates that nearly three quarters would be. Consumers are attracted to the possibility that Amazon can […]
Nearly three-quarters of all consumers are willing to purchase prescription drugs through Amazon, as the e-commerce giant seeks to tap into a $300 billion market