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by estebank
4721 days ago
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>> ... being treated for a heart attack, are situations where demand is completely inelastic. > (...) It would be perfectly rational for them to tell the ambulance crew to drive another five minutes to save $25,000. I wouldn't want to be in your care. If you're having a heart attack you want to get into a hospital ASAP. And that's coming from somebody that took a taxi to the hospital after being stabbed in the chest. |
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Most Americans wait over two hours to seek care for a heart attack! Cost is a big reason why—even a false alarm can cost several months of income. If people had the privilege of taking the time to comparison shop and drive out of their way for a good deal, they would probably get care faster.