LifeNet FAQ

/LifeNet FAQ

Doesn’t LifeNet have a monopoly on services? Wouldn’t competition lower prices?

Competition and the threat of competition are fundamental concepts of capitalism. Few Americans question that retail competition contributes to lower prices, improved quality, and greater diversity in the delivery of most goods and services. If retail competition lowers prices, raises quality, and results in greater diversity of goods and services in other industries, why isn’t retail competition the most efficient form of competition for ambulance services? The conditions necessary for an effective retail transaction do not exist in most ambulance market segments (both emergency and non-emergency)