Utah has become the first state to ban contact lens manufacturers from using Unilateral Pricing Policies (UPP) to set prices for contact lenses. Its legislators signed into law the Contact Lens Consumer Protection Act, according to a press release from 1-800 Contacts. The law will go into effect in May 2015.
UPP programs also are under investigation both by the Federal Trade Commission and by several State Attorneys General. During the past two weeks, attorneys are said to have filed 15 consumer class-action suits against the manufacturers.
Nearly 40 million Americans spend $4.2 billion annually for contact lenses. Johnson & Johnson, Bausch & Lomb, Alcon, and CooperVision began using UPP in 2013. Since then, contact lens wearers reportedly have seen some online prices increase as much as 150%. Read more.