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Great point. I work in the pharmacy space and most of the cost is meeting regulations. Other than for the most common medications there are regulations for most
by victor106 8y ago
Great point. I work in the pharmacy space and most of the cost is meeting regulations. Other than for the most common medications there are regulations for most all drugs. Add to that the complexity of drug delivery (some medications need to be cold, have tight expiration dates etc.,) its very hard to push down the prices like they have done in other areas.
I would love for Amazon to come in and transform this space. There are lot of improvements to be made but all the well established players know those improvements but unless the regulations catch up its hard to innovate.
One thing Amazon might be able to do is to take a hit to their bottom line by essentially selling drugs at a loss and wait it out till they drive everyone out of the market and increase prices. But no one cares when the price of a book/toy increases by x%. Everyone cares when the price of a drug increases by the same amount. (https://www.cnbc.com/2017/04/03/mylan-hit-with-racketeering-suit-over-big-price-hikes-of-epipen.html https://www.cnbc.com/2017/04/03/mylan-hit-with-racketeering-...)