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Cato Podcast

Eye Exam Startup vs. South Carolina

Cato Podcast

Cato Institute

Immigration, News, News Commentary, Peace, 424708, Markets, Government, Libertarian, Policy, Politics, Cato, Defense

4.5979 Ratings

🗓️ 28 December 2016

⏱️ 8 minutes

🧾️ Download transcript

Summary

How customers get eyeglasses in South Carolina could be undergoing a big change, but not if the incumbent industry can help it. Robert McNamara of the Institute for Justice discusses the case.

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Transcript

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0:00.0

This is the Cato Daily Podcast for Wednesday, December 28th, 2016.

0:05.0

I'm Caleb Brown.

0:07.0

The profit margins for optometric services is goost by the fact that they also tend to sell you the glasses and the profession

0:14.5

doesn't like new competition. A law in South Carolina may end the provision of

0:19.2

so-called online eye exams there. Robert McNamara, the Institute for Justice, has taken the case.

0:25.0

We spoke earlier this month.

0:27.0

So walk me through the process of getting a pair of glasses.

0:30.0

You and I both wear glasses and ever since I was a child I understood the process.

0:36.0

Just go in talk to the optometrist, get your eyes checked, go out into the lobby, pick out some frames you like, and a few weeks later you get a pair of glasses that you then wear to school and are either made fun of or...

0:51.0

In our case, made fun of.

0:53.0

Perhaps so.

0:54.0

So what is wrong with that process and why is that process something that ought to be challenged?

1:01.0

So what's wrong with that process is that for a lot of people it's too

1:03.8

inconvenient, it takes too much time, it requires too much travel. The way it

1:07.2

traditionally works is you walk into a brick and mortar store and they

1:10.4

put the big space age thing over your face, it's called a faux-roctor, and they show you

1:15.0

show you different images and you tell a guy standing in the room

1:17.8

what you see.

1:18.8

Is this better or worse?

1:20.1

Is that better or worse?

1:21.1

You self-report what you see and that's the industry standard.

1:25.1

And the thing is in the modern era with modern technology, with the internet, with smartphones,

...

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