Like Cheap Contact Lenses? Then You Won’t Like This

What's Hot


The Most Sinful City in the U.S. Is … (Hint: It’s Not Vegas)Family

How a Mexican Tariff Will Boost the Cost of 6 Common PurchasesFamily

This Free Software Brings Old Laptops Back to LifeMore

How to Protect Yourself From the ‘Can You Hear Me?’ Phone ScamFamily

Report: Walmart to Begin Selling CarsCars

Where to Sell Your Stuff for Top DollarAround The House

Is Your TV Tracking You? Here’s How to Tell — and Prevent ItAround The House

11 Staging Tips to Help You Get Top Dollar When Selling Your HomeAround The House

21 Restaurants Offering Free Food Right NowSaving Money

20 Simple Hacks to Make Your Stuff Last LongerAround The House

4 Car Insurers That Might Raise Rates Even When the Accident Wasn’t Your FaultCars

How to Invest If Trump Kills the ‘Fiduciary Rule’Grow

12 Surprising Ways to Wreck Your Credit ScoreBorrow

9 Secret Ways to Use Toothpaste That Will Make You SmileAround The House

The 2 Types of Music That Most Improve Dog BehaviorFamily

Major contact lens manufacturers are setting price minimums for some of their products, which critics say will eliminate consumers' ability to find discounted lenses.

Shopping around to find a good deal on contact lenses is a thing of the past, for some lenses anyway.

Three of the top four contact manufacturers have set price minimums for some of their lenses, a controversial move that prevents discounts for consumers.

According to Consumer Reports:

We’ve noticed that three of the top four companies — Alcon (aka CIBA), Bausch & Lomb, and Johnson & Johnson — have already adopted resale-price maintenance policies for some of their products. And the fourth, CooperVision, might not be far behind. The four account for 97 percent of all contact lenses sold in the United States.

The Senate Judiciary Committee’s antitrust panel recently met to discuss whether the contact manufacturers’ new pricing methods amount to anti-competitive behavior.

“The only winners with this pricing strategy are manufacturers, high-priced retailers, and doctors, who would no longer have to compete with discounters,” CR said.

Contact lens makers said instituting uniform prices may actually result in some cheaper lenses. One company said it’s combating “showrooming,” where people find out about lenses from their eye doctor but then buy them from online discounters, according to Reuters. It’s estimated that 10 percent of contacts are sold online.

My contacts are manufactured by Alcon, one of the proponents of price floors. I typically buy my contacts once a year through 1-800 CONTACTS. After shopping around for the best price, I found that 1-800 CONTACTS offered the cheapest lenses. Now I have to wonder: Will that still be true in the future?

What do you think of contact lens manufacturers’ price-floor plan? Share your thoughts below or on our Facebook page.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!

💰🗣📰

Read Next: House Hunters: Beware of These 6 Mortgage Mistakes

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,782 more deals!