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Investigative health care reporter Katie Thomas discusses the booming pet care industry in the US, delving into rising veterinary costs and the emotional and financial strains on pet owners. The impact of big corporations entering the field, the ethical dilemmas faced by pet owners for expensive treatments, and the differences between pet insurance and human health insurance are highlighted in the conversation.
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- Increasing cost of veterinary care due to cultural shift in pet ownership
- Rising financial burdens on pet owners leading to extreme measures to cover healthcare expenses
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Rise in Veterinary Care Costs
Over the last decade, the cost of veterinary care in the US has surged significantly, outpacing the general rate of inflation. Prices for veterinary services have escalated by over 60%, while services overall have risen by about 30%. This increase is attributed to a shift in pet ownership culture, with more Americans considering their pets as integral family members, leading to a higher demand for sophisticated medical procedures and treatments.
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