Amazon (NASDAQ: AMZN) launched its online pharmacy in November 2020. Some might have wondered at the time just how big of a splash the e-commerce giant would make in the pharmacy industry. We now know the answer: a huge one.

On Thursday, Blue Shield of California announced it's teaming up with Amazon Pharmacy and several other companies to lower prescription drug costs for its members. The nonprofit health plan called the collaboration a "first-of-its-kind model to transform prescription drug care." Is Amazon stock a buy after landing this big deal with Blue Shield of California?

In the past, Blue Shield of California has dealt primarily with major pharmacy chains that operated brick-and-mortar stores. For more than 15 years, it used CVS Health for pharmacy benefits management.

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Source Fool.com