The Federal Trade Commission's rule prohibiting employers from imposing noncompete agreements on their workers could spur division within the health care industry between nonprofit and for-profit entities, antitrust experts said this week.
In April, the FTC voted 3-2 on party lines to finalize its ban on most noncompete agreements . The agency said these clauses restrict workers from seeking better employment opportunities and harm competition. The rule, which is facing legal challenges, is scheduled to take effect next month.
The FTC's jurisdiction, however, is limited to companies that operate for profit.
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Maydeen Merino
Maydeen Merino is a regulatory reporter, covering the DOJ, FTC, SEC and EPA. She can be reached at [email protected].
