Pet Insurance on the Rise
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UPDATED: Feb 25, 2020
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A recent CNBC program reported that pet health insurance had become the third most requested voluntary benefit in the U.S. workplace. This stands to reason as Americans spend an estimated $18 billion annually on veterinary care. If you’ve ever had your Labrador Retriever gulp down one of your children’s toys, only to follow it up with a visit to the vet and a costly barium enema, you can relate.
62 percent of U.S. households own at least one pet, but only two percent of those households own pet health insurance.