People treat their pets like they are their children. Veterinarians took full advantage.
It may also have to due with Vet school being extremely expensive.
Is it worldwide capitalism then?It isn't really the vets. It is the corporate orgs that are gobbling up the independent and setting higher prices.
OPs article is behind a paywall, but this article seems to do a good job of outlining the current state. Interestingly, this isn't an American capitalism, this is a trend across the world.
Pretty sure we already discussed this topic a year + ago.
Is it worldwide capitalism then?
"Big Vet?"
It's the same as with healthcare and dentistry and pharmacy, private equity and chains are destroying everything.Big conglomerates buying up vets.
Since you clearly didn't read the article.
That piece highlights how Elizabeth Warren is a treasure and it sucks the Dems lost control of the Senate, with MAGA taking over the government there aren't going to be any brakes on acceleration of this process.
It's the same as with healthcare and dentistry and pharmacy, private equity and chains are destroying everything.
People with good Medical/Dental insurance can have the out-of-pocket costs minimized, but vet insurance even if you have it generally sucks and doesn't cover a lot and so people get stuck with outrageous vet bills compared to their personal medical/dental.
I just had an emergency room visit in October (Pending a Cardiological appt in December it looks like I'm OK--just old man in his late 50's issues) where the out-of-pocket if I wasn't insured was $3115.00, I'm paying $100.00.
This is a paywalled article from the Atlantic (link might work for most people -- you get one free article)
Why Your Vet Bill Is So High
Corporations and private-equity funds have been rolling up smaller chains and previously independent practices.www.theatlantic.com
And an NPR Planet Money podcast that focuses on a local vet in Marshalltown Ia
The HOA Management Company I retired from sold out recently to some millionaire investor dude who lives in New Mexico - and we’re in Florida.We've seen this, explicitly, in HOA management and landscape/irrigation contractors.
Had 2x management companies "Wall-Streeted" with buyouts. Service quality plummeted.
Dumped them and found a privately owned firm - it's absolutely night-and-day w/ the service, and costs are actually LOWER.
Same deal w/ landscapers - had a good family-owned biz that was bought out. Within months, their service went to shit. We have several crabapple trees that never got irrigation turned on, and we're withholding >$20k in outstanding payments to them until we find out if those trees survive next spring. Hired a former manager from the original firm and getting good service like we had before the buyout.
Wall Street buys stuff up, because they cannot figure out how to "start" any business, so they just "streamline" things they can buy, destroy the customer service and rake in $$. And when they have markets cornered in areas, that's what you are stuck with. Eventually, smaller biz can step in to start taking accounts from them, but that can take years.
Our HOAs will no longer hire any company for services that is part of a larger conglomerate - we're only looking for privately owned stuff, because we've experienced the shitty services over the past 5 years, and gotten burned by them, badly.
Very sorry to hear that man.It is the corporatization of local veterinarians. Mostly these vets are partnering up with a corporation that gives them their PC system, phone system, sets their prices, does their BDC for them through automation, and sets standard labor operations. Vets also have some pretty expensive medical equipment to purchase and a ton of staff.
I recently and unexpectedly lost my 10 year old American Eskimo dog from an adverse reaction to an arthritis injection that wiped out 9k-ish from my bank account. Never again.
You don't have a pet, do you?I can think of a really easy way to avoid big vet bills:
Don't own any pets
You don't have a pet, do you?
I think vet and physician practices are like restaurants in many ways in terms of ownership - unless you find someone to take over for you there’s no pot of gold at the end of the rainbow. Other professional firms as well.
I don’t begrudge them for selling out and continuing to work as an employee, but no doubt it seems like veterinary care these days seem like solutions in search of problems.
Another example of how megacorps buying up all the competition and setting up virtual monopolies is bad. These same megacorps will try to convince you that none of this is actually happening though and since it was on twitter, people believe them.Big conglomerates buying up vets.
Since you clearly didn't read the article.
It isn't really the vets. It is the corporate orgs that are gobbling up the independent and setting higher prices.
It is a ridiculous industry at this point. It is absurd that a "prescription" is required to buy flea meds.
I know for sure there prices vary big time with location in metropolitan areas. Don’t take your pets to vets in the nicest parts of your city if you live in an urban setting. Find a good vet in a nearby small town or the “south side of the tracks” and everything will be cheaper, in some cases much cheaper.
When I first moved to Des Moines from Iowa City, I took my dog to a vet in downtown Des Moines. It was supposed to be an intro to a new vet as my pup had just gotten her shots all up to date in IC. After the new vet met her and did a quick check up, one of the vet assistants comes up to me with a list of things I should consider. All-in-all their suggestions would run me close to $800. I said thanks, but no thanks. A couple of weeks later I went to a vet on the outskirts of Ankeny (Des Moines suburb) and she said my pup looked great and everything was up to date. She said we‘ll see you this time next year and sent us on our way.I know for sure there prices vary big time with location in metropolitan areas. Don’t take your pets to vets in the nicest parts of your city if you live in an urban setting. Find a good vet in a nearby small town or the “south side of the tracks” and everything will be cheaper, in some cases much cheaper.
Huh? I get Frontline stuff for fleas/ticks.
OTC once a month.
Also got a bottle of sheep drench ivermectin for heartworms, vs. overpriced HeartGard.
No; I use the topical stuff on my dog that you put on their fur (down the back) 1x/month.You can also get flea collars like Seresto that last eight months OTC, but in the states where I reside or have property, you must have a prescription for Nexgard.
Is that dissimilar from where you reside or have property?