Source: Veterinary Advantage
A University of Kentucky study reveals that financial limitations significantly influence how horse owners engage with Veterinary care. While routine costs like vaccinations align with expectations, emergency procedures such as colic surgery often exceed what owners are prepared to pay—most indicating a $5,000 cap. Alarmingly, only 14% of horse owners have a savings fund for emergencies, and nearly 80% lack insurance coverage.
The study, surveying nearly 5,000 horse owners nationwide, also found that many are willing to adapt to changes like telemedicine, on-call veterinarians, and payment policy shifts. Financial constraints often result in suboptimal care and emotionally difficult decisions. Insurance remains underutilized due to high premiums and limited perceived value, though new health-only options are emerging. Researchers urge owners to plan financially, and encourage veterinarians to promote transparency around costs and care options. Overall, the findings aim to promote greater preparedness and sustainability within the equine Veterinary field.
Read the full story HERE: https://vet-advantage.com/vet-advantage/equine-ownership-costs/