The recent announcement by Bezos, Buffett and Dimon that they're teaming up to address health care costs is interesting. They certainly bring a lot to the table. But there seems to be some confusion.
USA Today reports that one of the things that Amazon can bring to the table is "shipping products to consumers." True. But there's a problem. According to the article, "Since drug companies rely heavily on mail orders, Amazon's long-rumored entry in the pharamcy world could introduce price-lowering competition."
Good idea -- except that drug companies don't send a single pill to patients. That's the job of PBMs and insurance companies.
Maybe the Big Three (and and the media covering this story) should get a 100 level course in the pharmaceutival supply chain.
USA Today reports that one of the things that Amazon can bring to the table is "shipping products to consumers." True. But there's a problem. According to the article, "Since drug companies rely heavily on mail orders, Amazon's long-rumored entry in the pharamcy world could introduce price-lowering competition."
Good idea -- except that drug companies don't send a single pill to patients. That's the job of PBMs and insurance companies.
Maybe the Big Three (and and the media covering this story) should get a 100 level course in the pharmaceutival supply chain.
