Word: ftc
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Dates: during 1970-1979
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...nearest drugstore and learns only when the pills are handed to him what they will cost. Last week the Federal Trade Commission proposed new rules that would permit pharmacies to advertise prices for prescription drugs so that patients can shop for the best bargains. By doing so, the FTC estimates, consumers could save $130 million a year...
...FTC Chairman Lewis Engman, though, "it is a curious set of values that says that the consumer may be given full information about discretionary purchases such as deodorants and mouthwash but cannot be given information that will help him save money on . . . drugs that a doctor has prescribed as essential to his good health." The FTC's proposed rules would override all state laws forbidding drug-price ads and make it a crime punishable by a $10,000 fine for any person or association to hinder disclosure of drug prices...
...study found that pharmacies in the San Francisco area charged 28 different prices, ranging from $2.50 to $11.75, for 100 tablets of Raudixin, a drug that reduces high blood pressure. Druggists contend that the stores charging the higher prices provide extra services like free delivery and charge accounts. FTC officials retort persuasively that customers should know the charges in advance so that they can decide for themselves whether the service is worth the price...
...these bureaucracies to weigh the inflationary consequences of their decisions and 2) to maneuver for greater price competition within the existing rules rather than press for outright deregulation of entire industries. Later this spring, Ford plans to preach price-consciousness to the heads of the ICC, CAB, FCC, FPC, FTC, SEC, FMC, NRC (Nuclear Regulatory Commission), CFTC (Commodity Futures Trading Commission) and the CPSC (Consumer Product Safety Commission...
...FTC and Continental are old antagonists; in 1971 the agency charged that Continental was misleading the public when it implied that Wonder bread was something special, in ads that claimed the loaf "helps build strong bodies twelve ways." Now the agency accuses ITT management of nagging Continental to build itself up too rapidly; James Halverson, director of the FTC'S Bureau of Competition, says that "ITT set profit and market goals for ITT Continental that forced the subsidiary to adopt predatory practices." According to the FTC complaint, Continental practiced a classic monopolistic scheme: it would use high profits from...