UK's CMA caps vet prescription fees at £21 and orders price lists
→Veterinary practice managers must cap written prescription fees at £21
Change
UK's Competition and Markets Authority (CMA) has bound veterinary practices to a £21 cap on written prescription fees and to publish price lists, effective later this year.
Why it matters
The Competition and Markets Authority will introduce a cost-comparison website later this year. The CMA presented the cap and price-list requirement as measures to increase competition among veterinary surgeries and drive down costs.
Implications
- — Veterinary practice managers must set and record written prescription charges at £21 or below immediately when the measures take effect later this year — failure to comply exposes the practice to enforcement action by the Competition and Markets Authority.
- — Practice reception and billing teams must publish and maintain up-to-date, publicly accessible price lists before the CMA's cost-comparison website launches later this year — failure to publish will expose the practice to CMA compliance intervention.
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Source
View on The Guardian