The Importance Of Federal Antitrust Laws

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The Sherman Act was passed in 1890, which aimed at preserving competition as the rule of trade. In 1914, congressed passed the Federal Trade Commission Act and the Clayton Act. Some revisions have been added to the Federal Trade Commission Act, the Clayton Act, and the Sherman Act of 1890, the three acts are still at the core of federal antitrust laws in present time. Antitrust laws protect the process of competition for the benefit of customers, making sure that there are strong incentives for businesses to operate effectively, keep prices down, and keep quality up (“The Antitrust Laws,”, February 11, 2016). Healthcare practices that cause inefficiencies in quality of care that result in higher prices are a violation of the Sherman
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