Here is some summarised detail in the form of an infographic on the UK’s Competitions and Markets Authority’s investigation into the veterinary market which has been so comprehensively criticised in the UK due to the buying up of independent vets by big business to form chains of vets which reduces competition and pushes up prices on the back of arguably greedy hedge fund managers in grey suits behind the scenes who think the UK is treasure island and ripe for exploitation.
RELATED:
- The problem with UK vet prices is that we are used to the NHS
- UK vets are overcharging for medicine (and allegedly services!)
The independent vets usually priced reasonably. They are often not business people; more concerned with providing a good service. The businesses that have bought the independents are primarily concerned with profit and service secondly.
My advice is to find an independent vet and stick with them if you are satisfied with their medical skills. And if not always politely challenge the vet. Ask if treatments are necessary.
If you are taking out an insurance premium think whether self-insurance is better for you: Pet savings account to pay for self-insurance.
Next step: “The inquiry group will lead the investigation. The first few months will focus on gathering additional evidence from a wide range of stakeholders and conducting analysis.”
