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Emergency Prices: How Private Equity Captured the Ambulance Market
Emergency service costs have been going up for years, frustrating city officials. One reason seems to be private equity, which bought up ambulance makers and raised prices.
By Matt Stoller and Dan Geller | April 11, 2026
In 2023, the city of Evanston, Illinois raised its ambulance fee from $1500 to $2000, with a $15 mileage charge tacked on. Like many municipalities, city officials and taxpayers have gotten used to ever-increasing prices for basic services, all bucketed under the "cost of living" crisis we're dealing with. In fact, yesterday the Michigan University consumer sentiment indicator hit the worst reading it has ever recorded, going all the way back to 1961. The endless increases in prices for all sorts of random necessities is a key reason.
Emergency Prices: How Private Equity Captured the Ambulance Market
Emergency service costs have been going up for years, frustrating city officials. One reason seems to be private equity, which bought up ambulance makers and raised prices.
By Matt Stoller and Dan Geller | April 11, 2026
In 2023, the city of Evanston, Illinois raised its ambulance fee from $1500 to $2000, with a $15 mileage charge tacked on. Like many municipalities, city officials and taxpayers have gotten used to ever-increasing prices for basic services, all bucketed under the "cost of living" crisis we're dealing with. In fact, yesterday the Michigan University consumer sentiment indicator hit the worst reading it has ever recorded, going all the way back to 1961. The endless increases in prices for all sorts of random necessities is a key reason.