Putting a Price Tag on a Pet's Life

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 (JEWEL SAMAD/AFP/Getty Images)

The veterinarian gives you the bad news: Fido has cancer and it will cost at least $8,000 for treatments. Do you tap your meager savings and pay for the chemo? The skyrocketing cost of pet health care is leading an increasing number of owners to consider pet insurance, which is projected to be a $750 million industry. But it's also largely unregulated. State officials introduced legislation last week to crack down on fraud and misrepresentation in pet policies. How do you decide how much to spend on your pet? How much would you spend to save your furry friend's life?


Dave Jones, insurance commissioner for the State of California

Jennifer Scarlett, veterinarian and co-president of the San Francisco SPCA

David Grimm, online news editor for Science magazine and author of "Citizen Canine: Our Evolving Relationship with Cats and Dogs"

Gary Lucks, attorney and pet owner