Pet Ownership Saves $22.7 Billion in Annual Health Care Costs
WASHINGTON, May 23, 2023 /PRNewswire-PRWeb/ -- Pet ownership saves the U.S. health care system $22.7 billion annually, according to a newly released economic report. The report, commissioned by the Human Animal Bond Research Institute (HABRI), examined the health care cost savings associated with pet ownership in the United States.
- WASHINGTON, May 23, 2023 /PRNewswire-PRWeb/ -- Pet ownership saves the U.S. health care system $22.7 billion annually, according to a newly released economic report.
- The report, commissioned by the Human Animal Bond Research Institute (HABRI), examined the health care cost savings associated with pet ownership in the United States.
- "The results of this analysis are conservative and likely underestimate the positive health care savings connected to pet ownership," said Dr. Clower.
- The report authors conducted an analysis of the health care cost savings associated with pet ownership by examining the scientifically-documented health benefits of pet ownership; identifying the populations receiving these benefits; and quantifying the avoided health care costs for those populations.