Costco Diving Deeper Into The Prescription Drug Market

A table with many different types of pills on it.


Amazon.com and Walmart Inc. have both jumped into the online pharmacy market and now Costco Wholesale Corp. is taking a different approach, with a focus on helping make prescription drug prices transparent for employers.  It has partnered with Navitus Health Solutions LLC, a small pharmacy benefit manager (PBM) which has a different business model than most PBMs.  Rather than taking a cut of rebates and discounts, they charge a flat free.  Costo recently purchased a minority stake in Navitus in a partnership which should benefit both employers and consumers.

https://www.bloomberg.com/news/articles/2021-04-22/costco-cost-health-care-approach-differs-from-amazon-amzn-walmart-wmt