The UK's Competition and Markets Authority (CMA) has found that the veterinary market is "not fit" for purpose, with pet owners often unaware of prices for common services and whether their local practices are part of large corporate chains. The watchdog's investigation revealed that pet owners pay, on average, 16.6% more at large vet groups compared to independent practices.
The CMA proposed 21 measures to modernize the market, including mandating vet businesses to publish comprehensive price lists and clearly state if they belong to a larger group. They also recommended better information on treatments, a price cap on written prescriptions, and a new price comparison website, aiming to allow pet owners to make informed choices about veterinary care and medication without confusion or unnecessary costs.
These proposals are provisional, and stakeholders have until the following month to submit their views before a final decision is released next year. The current regulatory system, dating back to 1966, on... download the app to read more
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