October 15, 2020
Many Americans have found out the high cost of animal health care to their dismay. About 180 million pets have cost their owners about $60 billion a year, an estimate released by the North American pet Health Insurance Association. This includes about $15 billion spent on veterinary care, which is the third highest in terms of pet health expenditure. On the other hand, the average cost of insuring 1 million pets cost $595 million or an average of $595 per pet annually. It might seem a lot to spend on your pet, but it might be well worth it as this typically compares favorably to the costs of pet healthcare.