Healthcare Finance News April 24, 2024
The American Hospital Association called the FTC ruling, “bad law, bad policy and a clear sign of an agency run amok.”
The Federal Trade Commission’s final rule banning noncompetes nationwide has implications for hospitals and physician practices, with representatives from both groups submitting opposing opinions to the decision.
Noncompetes are a widespread and often exploitative practice imposing contractual conditions that prevent workers from taking a new job or starting a new business, the FTC said. Noncompetes often force workers to either stay in a job they want to leave or bear other significant harms and costs, such as being forced to switch to a lower-paying field, being forced to relocate, being forced to leave the workforce altogether, or being forced...
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