Price Fixing

The case was released in the mid-2006, where the federal Trade focusing has declared that they are challenging the members of the Puerto Rico sleeper of Endodontists, union or the PRAE (Commissions, 2006). This is because of alleged price-fixing collaborations that they would be charging on several insurance policies and dental run that they offer. They cook collaborated and made agreements with 30 other competitors, wherein they fixed their prices at the expenditure of their consumers.Because of this, the FTC was forced to file a complaint against this company since it decreases the competition in the midst of these companies, and so high costs will be imposed on the consumers. This is a clear violation of the Federal Trade Commission Act, subsection number 5. In nine for this matter to be resolved, The Puerto Rico Association of Endodontists, Corp. will have to refrain from involving in matters that promote anticompetitive conduct in the coming classs.Through this, the Federal Trade Commission will be able to make sure that these dental run and other undeniable wellness care issues will be given and addressed for the consumers at prices that they could afford. Keeping a competitive environment in the spirit of health care will open up go bad opportunities for the plenty, along with lower berth competitive prices. Letting healthcare be monopolized will lead to higher pricing and less maintenance, and would really be a burden to the people, the consumers. Thats why these health care providers and producers should not act as one(a) they should not collaborate with each other in their pricing, because it takes away the aspect of competitiveness between them.The complaints against Puerto Rico Association of Endodontists, Corporation shows that in the year 2003, the company has already began its bargaining with their competitors, thus resulting to the drastic increase in five dental plans already. Another increase occurred during 2004, wherein t he prices also went up because of their bargaining.Because of these actions the ones who were jeopardized were the people they were the ones who carried the burden of increased rates, since these health care issues is a necessity for everyone. The Federal Trade Commission analyzed that these drastic changes in prices have no whatsoever effect on the quality of services offered by the company, thus the additional prices were not really justifiable. It doesnt lead to a better quality of health care, thus, it is only a waste in the area of the consumers.Given the situation, the Federal Trade Commission proposed a consent order which will be solve the problem at hand. This will hopefully relieve the impact of the alleged anticompetitive actions by the Puerto Rico Association of Endodontists, Corporation and further prevent it from happening again. It would then hinder the company to have any settlements or agreements with other endodontists and negotiate with any payor on the services that they offer, except properly arranged by the organization.ReferenceCommissions, F. T. (2006). FTC Charges Puerto Rico Endodontists With determine Fixing. Retrieved August 4, 2007