Tuesday, May 19, 2015
Fight against Unilateral Pricing Policies of Contact Lenses Grows
"Costco and online sellers like 1-800 Contacts would love to sell you cheaper contact lenses. But in recent years, the country’s biggest contact manufacturers have instituted minimum prices for their products that make it impossible for retailers to offer them at lower price points," reports Time magazine. "In testimony before Congress last summer, the Consumers Union declared such policies 'uncompetitive' and tantamount to price fixing: 'Consumers are denied more affordable alternatives. They pay more than they need to, and sellers who would like to make those affordable alternatives available are denied the opportunity to do so.'" Read more.