Breaking News: Vets Ordered to Reveal Prices Amid Competition Probe
The UK's competition watchdog, the CMA, has ordered vets to publish price lists for treatments, citing a lack of transparency and soaring costs that have risen at nearly twice the rate of inflation.
Vets will now be required to reveal if they are part of a large group and provide estimates for treatments that can run into thousands of pounds. The move comes after an investigation found that owners were often unaware of prices or not given estimates, leaving them vulnerable to unexpected bills.
The CMA's proposals also include capping prescription fees and banning bonuses on offering specific treatments. This is expected to have a significant impact on the industry, with some vets already facing pressure to reduce costs.
Nicole Hawley, 26, was forced to pay £12,000 for emergency surgery after her dog Ernie inhaled a grass seed. She had been given two options: put him down or pay an extortionate bill. Hawley's case highlights the urgent need for price transparency in the industry.
The CMA's investigation found that vet prices have risen at nearly twice the rate of inflation, leaving many pet owners struggling to afford treatment. The watchdog's proposals are expected to be implemented soon, but details on timing and enforcement are still unclear.
This is a developing story. We will provide updates as more information becomes available.
*This is a developing story. Updates will be provided as more information becomes available. Based on reporting from Bbc.*
