Taking Fido or Whiskers
to the doc isn’t cheap. My experience is that it can easily run $500 for dogs
and $250 for cats. And it’s not only us here in the U.S. who gets hit with high
vet fees. Over in the UK they’re feeling it too. The difference is that their insurance
companies have taken notice.
Around 25 percent of
dogs and cats in the UK are insured. In the U.S., the number is less than 5
percent.
But the country noted
for Vikings, Swedish meatballs, reindeer, and swimsuit models is by far the
leader. The first pet insurance policy was sold in Sweden in 1924. Now about 50
percent of their pets are covered.
Will President Obama
push to include pets within the Affordable Care Act? He’s having enough trouble
with Congress as it is. So I doubt it. Still, anything is possible in
Washington.
Meanwhile, I expect
more companies to see the opportunity here and jump on the pet insurance
bandwagon. You might ask your agent for a recommendation before scheduling your
pet’s next vet visit.
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