Even non-chiropractic patients would be hurt, as the costs might be passed onto all users of all components of the health insurance plans who were being effectively extorted for money.
The ultimate settlement that emerged prohibited the WCA "from fixing prices for any chiropractic goods or services, or the terms of third-party payer contracts," which seems more than fair and reasonable -- it seems overly lenient given the damage that was done ("Wisconsin Chiropractic Association and its director agree to settle FTC charges of price-fixing," 2008, FTC). However, because price-fixing can be difficult to prove, some of this leniency on the part of the FTC may be due to the need to engage in a settlement rather than a lengthy court battle with the WCA. Given the centrality of the organization's head Russell a. Leonard, in engaging in such tactics, demanding his resignation seems not only fair, but reasonable.
However, perhaps the most important aspects of the ultimate settlement that emerged were that certain regulatory measures were imposed by the FTC upon the WCA to ensure that such non-competitive professional practices were eschewed. The WCA was barred from negotiating on behalf of any chiropractor or group of chiropractors, which seems reasonable given that groups of chiropractors could do so independently, as well as to boycott any payer or provider, which could also lead to prohibiting cheaper providers (to the consumer) who reimbursed doctors at a lower fee for their services ("Wisconsin...
Anti-Trust Are investors' legal remedies enough? During the 1990s, a wave of legislation substantially deregulated the financial industry, effectively limiting the ability of investors to seek legal remedies in the wake of corporate fraud, and freeing corporations to take greater risks with 'other people's money.' The Private Securities Litigation Reform Act of 1995 (PSLRA) overturned the protections once provided by the 1934 Securities Exchange Act (Nations 2012). Then-President Clinton vetoed PSLRA, and
One of these is Chapter 2 of Title 15, Subchapter 1, Section 45. This Section regulates unfair methods of commerce and competition. These methods are declared as unlawful under the act. The Section specifically relates to national and local practices, as opposed to foreign trade, and therefore applies to our proposed partnership. "Unfair" practices are defined as those practices that are likely to cause some injury to other businesses
In addition, within 30 days of the order's final date, notify with a copy of the order by first-class mail or electronic mail with appropriate return receipt/confirmation, every physician who participated in IPAMG since January 1, 2005, every physician who intends to become a member, every current IPAMG officer, director, manager and employee, and every payor with whom IPAMG has a contract. Furthermore, existing contracts may be terminated by
Microsoft Anti-Trust Issues Issues in anti-trust cases tend to be very complex and technical, but in the case of the government vs. Microsoft, they are quite understandable. The government alleged that Microsoft used predatory pricing tactics to destroy competitors and eliminate competition in the marketplace. They were also accused of erecting technical barriers within their operating systems to make it difficult or impossible for non-Microsoft software to run on Windows. In
Microsoft Anti-Trust Case Microsoft was charged with using its position as an industry leader in computer software to force buyers to buy products that were bundled with Internet Explorer. The claim was considered a breach of anti-trust laws which declared that a company cannot package two products together based on one's popularity or market position with the consumer (U.S. v. Microsoft, 2002-2006). Microsoft has denied such claims that they took an
In essence this model of knowledge sharing creates an egalitarian benefits model where each side of the information transaction benefits. Conclusion Anti-globalization advocates argue that this approach to creating business value chains and relationships reduces economic growth to transactions where the 3rd world nations often receive little if any value for their efforts. Exacerbating this is the fact that transactions are king, relationships are not valued and trust suffers. What needs
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