UK's CMA launches investigation into vet prescription fees due to transparency, pricing, and sector consolidation concerns.
The UK's Competition and Markets Authority (CMA) is launching a formal investigation into vet prescription fees after receiving over 56,000 responses to its review from pet owners, vets, and charities. Concerns include transparency of pricing information online, lack of pre-treatment cost disclosures, and the potential impact of sector consolidation on consumer choice. Possible remedies may include forcing firms to provide certain information, imposing maximum prescription fees, and ordering the sale or break-up of businesses.
May 23, 2024
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