REGULATORY · COMPETITIVE · UK
CMA caps vet prescription fees at £21
Change
The Competition and Markets Authority has capped written veterinary prescription fees at £21.
Why it matters
The CMA set a £21 maximum charge for written veterinary prescriptions. Veterinary practices must publish price lists for services and disclose whether they are part of a large corporate group. The CMA will introduce a price-comparison website to make practice prices easier to compare. The watchdog said the reforms will start to come into force later this year.
Implications
- · Reduces the maximum fee practices can charge per written prescription, lowering fee revenue on those items.
- · Introduces a disclosure and publication compliance burden for practices to maintain accurate price lists and ownership information.
- · Establishes a new public comparison channel that changes how consumers access and compare veterinary prices, increasing transparency and competitive pressure.
Who is affected
- · Investors
- · Creditors
What to watch
- · Reforms start to come into force later this year.
Source
Topics
Law & Public Safety Regulatory Actions Compliance Business & Markets Markets