this post was submitted on 07 Aug 2023
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If we assume an ambulance+equipment costs $500k and has to be replaced every 5 years, requires 4 personnel around the clock to operate with the cost of employing one being $50/h, one ambulance getting an average of 4 calls per day and per call average costs of gas, medicine and other disposable stuff being $300 we are looking at about per ride cost of $1500 so if one ambulance ride costs 12k as per the other comment, we are looking at a profit margin of 87.5% even with these very likely way too high cost estimations.
I like how you went into a detailed analysis of the cost and then whiffed on a decimal at the end. I'm pretty sure it should be 875%, which really shows how egregious this is. Thanks for your effort making this estimate, it's appreciated.
from my understanding profit margin is calculated by (sales-costs)/revenue making it impossible for it to be more than 100%
the markup/profit percentage would be calculated as (selling price/costs)-1 so that would be 700%
this is at least how i understood the wikipedia pages
Ya you're right, I misunderstood the comment I replied to and I also didn't try to check the math, but it seemed in the ballpark. I don't know why people upvoted me lmao
Where are you getting $50/hr? EMTs in the US make taco bell wages. They literally save lives, you can't be more valuable than that, and yet our wonderful corporations love to exploit the shit out of people who care...
The general state of things is so goddamn disgusting.
i made all the numbers up, and chose numbers wildly over what they likely actually are as im not from us so dont know the wages of emts nor the actual cost of hiring someone(in my country the cost of employing a person is about 1.3-1.6 i dont remember exactly times their actual wage) and just to show how much more they could be paid and still have ridiculous profits