Originally Posted by
sharpstick777
The Seattle office of the FTC started investigating Essilor a few months ago for different reasons.
The Washington Department of Insurance was also already investigating VSP because they are the most profitable insurance in the state of Washington (ie, more money is sent in premiums than is returned in benefit payments by the tune of $50 Million dollars in WA alone).
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After having glanced through this 42 page document, I have come to the conclusion that this document is not a law suit, but a letter to the Governor of the State of Washington, the Antitrust Division Chief of the State Attorney Generals Office, the Insurance Commissioner and the Federal Trade Commission with the following subject:
Re: Insurance Code and Potential Antitrust Violations in the Eye Care Industry
If any of the mentioned receipients will take any action on these documents they have been a real bombshell in the optical trade
It is just stunning to read and there is plenty of documentation. I think that it could lead to an interesting discussion on OptiBoard having looked through it and if any action is taken by the State it could become a Tsunami.
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