Amazon (AMZN) makes it easier to compare medication prices

Amazon (NASDAQ: AMZN) announced:

It’s uncommon for customers to compare prices online for prescription drugs. In fact, a national survey showed that only 11% of customers shopped online for better prices when faced with higher than anticipated costs for their prescriptions.

Amazon is now introducing two new features that make it easier for customers to find and compare the expected price of their medication. These tools give customers more ways to save money on their prescription medication purchases.

With the Amazon Prime prescription savings benefit, Prime members can search for their medication and compare savings at Amazon Pharmacy and other retail pharmacies where the Prime savings card is accepted. With over 60,000 participating pharmacies nationwide, customers can browse prices on prescription medications from their local pharmacy or order online with free two-day delivery from Amazon Pharmacy. The Prime prescription savings benefit saves members up to 80% off generic and 40% off brand-name medications when paying without insurance.

Whether looking for the best price on urgent medication needs, or finding ways to save each month on chronic medications, this benefit is another way Prime members can save money and time while staying healthy.

Plus, customers shopping from their Amazon Pharmacy account can now check their insurance co-pay price before ordering a medication. We’ve heard from customers who want to try Amazon Pharmacy but need to first understand their co-pay price. Now we can provide that information quickly, efficiently, and entirely online—no need to pick-up the phone to call a pharmacy or insurance provider.

After providing insurance and prescriber information, customers logged in to Amazon Pharmacy can request an expected co-pay right from the medication information page. For Prime members, it’s easy to compare their co-pay cost to the Prime savings price, making purchasing decisions easier than ever.

Together, Amazon Pharmacy and the Prime prescription savings benefit are a step toward more convenience and a better shopping experience for our pharmacy customers.

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