The Federal Trade Commission

Paper Summary:

This paper explains that the FTC acts as a watchdog to protect Americans from abuses otherwise possible in our free enterprise system; by preventing monopolies and price-fixing, the FTC encourages free trade and a fair marketplace. The author describes the case against the Wisconsin Chiropractic Association, which represent 90% of the chiropractors in Wisconsin, of conspiring to force health care providers to pay higher rates for chiropractic services than they had previously paid. The paper relates that the settlement forbids the WCA from participate any further in any kind of price fixing, as well as telling others to engage in price fixing.

From the Paper:

"Specific limits were placed on what the WCA could and could not do, including careful control of any surveys taken, since a survey had been used to help the conspiracy meet its goals. Specific protections were put in place to make it easier for the FTC to make sure the WCA complied with the terms of the agreement. It should be noted that the fact that the parties agreed to the FTC ruling did not mean that any individual acknowledged any actual guilt."

More papers on The Federal Trade Commission:

• Essay # 18988 : "Federal Trade Commission"
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• Essay # 47712 : "The Fairness Doctrine"

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