Source: NY Times
The rising cost of Veterinary care reflects significant changes in the industry, driven by pet owners’ growing attachment to their animals and willingness to spend more on their health. Traditional Veterinary practices, once focused on basic care, have transformed into high-tech businesses similar to human medicine. This shift includes the use of expensive diagnostic equipment like MRI machines and specialized treatments in neurology, cardiology, and oncology.
Consequently, Veterinary prices have surged over 60% in the last decade. Private equity firms and large corporations have increasingly acquired Veterinary facilities, contributing to higher costs. This evolution underscores the changing economic and emotional landscape of pet ownership, where advanced medical options and financial burdens coexist.
Read the full story HERE: https://www.nytimes.com/2024/06/23/health/pets-veterinary-bills.html