The Federal Trade Commission’s vote on Tuesday to ban noncompete agreements could be a big deal for the health care workforce. While the agreements are often thought of as a concern for senior executives and lower-income workers, sizable shares of doctors and nurses face employer restrictions on switching jobs. Noncompetes tied to the sale of a business, like a physician practice, would still be allowed under the FTC rule. “There’s a lot of good policy reasons why,” Faegre Drinker labor and employment partner Matt Fontana told Axios. “I don’t want to shell out a bunch of money for something if could then just recreate that and basically suck all the value out of what I purchased.”
Read the full article: New Ban on Noncompetes Could Have Big Impact on Health Care //
Source: https://www.axios.com/2024/04/24/ftc-noncompete-ban-vote-health-care-workers