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OneDigital Experts Respond to the Amazon News in Employee Benefit Adviser and HR Dive

On June 28th, Amazon made another major healthcare move with its announcement to buy online pharmacy PillPack.

The move comes after its joint healthcare partnership with Berkshire Hathaway and JPMorgan Chase & Co. David Pittard, Managing Principal, OneDigital Marietta and Nathan Pierce, Manager of Market Analysis, OneDigital Hartford were both featured in both Employee Benefit Adviser on how this deal will impact the healthcare space, potentially for the better. Nathan’s response was also featured in HR Dive in response to the Amazon news.

Not only will Amazon find ways to squeeze efficiency out of the pharmacy transaction process, they may adopt a strategy of making prescription drugs a loss-leader to make inroads into a deeply entrenched prescription drug market. This could make pharmacy transactions more convenient, more transparent and all-around a more pleasant experience.
 
Nathan Pierce, Manager of Market Analysis, OneDigital Hartford

Click here to read the full EBA article “Is the Amazon Deal a Bitter Pill for Brokers? Healthcare Experts Weigh In."

Self-insured payers (employer groups) should view this as an opportunity to re-explore how they offer prescription drug benefits to their employees and evaluate their options to offer increasingly valuable coverage.
 
Nathan Pierce, Manager of Market Analysis, OneDigital Hartford

Click here to read full HR Dive article “Healthcare World Watches as Amazon Makes Moves."

Unique challenges persist for Amazon as a full service PBM, as it would require them to create or purchase a retail network of pharmacies from the very retailers it competes directly with for traditional consumer goods.”
 
David Pittard, Managing Principal, OneDigital Marietta

Click here to read the full EBA article featuring David Pittard “Amazon’s PillPack Deal Puts PBMs, Advisers on Notice."

In an era of Pharmacy Benefit Manager (PBM) consolidation, skyrocketing specialty drug cost, over-utilization and aggressive pharmacy marketing tactics, your team should have a proactive strategy to manage the road ahead. See how we can empower you to offer superior pharmacy benefits while helping employers effectively manage pharmacy spend by contacting your OneDigital consultant today.

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