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In 2015, New York State Senator Chuck Schumer proposed changes to the FTC’s Eyeglass Rule of 1992, enacted to ensure that patients were not locked into purchasing overpriced glasses because of monopolies.Cheap Oakley Sunglasses. In a 27 September 2015 press release, Schumer’s office cited the “80 percent” figure for Luxoticca’s market share:Standing at LensCrafters, U.S. Senator Charles E. Schumer today urged the Federal Trade Commission (FTC) to modernize its “Eyeglass Rule” to allow for 21st-century competition by allowing patients to obtain a full copy of their eyeglass prescriptions so they can take that prescription anywhere they want—even online.Oakley Sunglasses Outlet. Under current law, patients are not entitled to their full prescription, a situation that often forces them to pay more when buying glasses. Schumer explained that, while more than 200 million Americans are affected by vision loss, the average price for a pair of eyeglasses is a whopping $300 with no end in sight.Luxoticca, an Italian company, which owns LensCrafters and more than 80 percent of eyewear brands. For instance, Luxoticca makes frames for well-known brands like Burberry, Prada, and Tory Burch. In addition, Luxoticca owns several other popular American eyeglass chains such as Pearle Vision, Sears Optical and Target Optical.Discount Oakley Sunglasses. Schumer explained that Luxoticca has a monopoly-like hold over the eyewear industry and that this push, along with other actions, could help weaken this hold. Additionally, many health plans do not adequately cover eye care, while forces patients to pay out of pocket.

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