Becker's Healthcare August 21, 2024
A federal court on Aug. 20 struck down the Federal Trade Commission’s sweeping noncompete ban, claiming that it was “unreasonably overbroad” and that the FTC lacks authority to implement nationwide rules defining unfair methods of competition.
The rule, which was initially set to take effect Sept. 4, would have invalidated tens of millions of existing noncompete agreements and banned hospitals and other employers from entering into or attempting to enforce any new noncompetes.
The FTC told Becker’s it is considering a potential appeal of the federal court’s ruling, which has received mixed reactions from hospital and physician groups.
Chip Kahn, president and CEO of the Federation of American Hospitals, stands by the federal court’s decision to prevent...
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