Vets should publish prices, competition watchdog says
Summary
The UK's Competition and Markets Authority (CMA) suggests that veterinary clinics should publish their prices and disclose if they are part of a larger group. The CMA's investigation showed that pet owners pay more at larger vet groups than at independent practices. The report aims to address rising costs in the veterinary sector.Key Facts
- The CMA recommends that vets show price lists and reveal if they belong to bigger vet groups.
- Pet owners pay an average of 16.6% more at large vet groups than individual practices.
- The CMA's findings are provisional, allowing discussions before a final decision next year.
- Between 2015 and 2023, treatment prices at vets rose by 60%, compared to 35% inflation for other services.
- The CMA suggests additional solutions like price caps on medicines and services like cremations.
- They propose banning bonuses linked to recommending specific treatments.
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