The Tucker Carlson Show The Private Equity Veterinary Scam Making You Poorer and Killing Your Pets
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Dec 29, 2025 
Joe Spector, founder of Dutch and a telehealth advocate, dives into the escalating costs of veterinary care, pointing fingers at private equity firms that prioritize profit over pet well-being. He explains how these firms are consolidating clinics, leading to higher prices without enhanced care. Spector highlights the emotional upselling of unnecessary services and discusses how telemedicine can offer a cost-effective alternative, reducing the burden on pet owners and shelters alike. Legislation for telemedicine reform is also a crucial topic, as he shares progress and ongoing struggles.
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Veterinary Inflation Outpaces The Economy
- Veterinary care costs have risen about twice the rate of general inflation.
- Joe Spector attributes this largely to private equity consolidation and cash-pay incentives that push up prices.
Private Equity Is Reshaping Vet Care
- Private equity is buying many independent veterinary practices and raising prices without improving care.
- Joe Spector says consolidation reduces supply, enabling higher fees while care often worsens.
Unreadable Medical Records From Corporate Clinics
- Joe requested his medical records from a private equity–owned clinic and got 50 pages of unreadable scribbles.
- He uses this example to illustrate degraded documentation and care after consolidation.