My son always wants to watch motorbikes on the telly. While watching an old episode of motorcycle adventurer Charley Boorman traveling through India by various means, I took note of Charley’s description of the ambulance service in Mumbai. He said that until recently there were no ambulances, so a group of entrepreneurs set up a service.
The principle of cross subsidy is used wherein:
- Full charge to a patient going by choice to a private hospital.
- Subsidized charge to BPL (Below Poverty Line) patient going by choice to a government / municipal hospital.
- Free service to accident victims, unaccompanied, unconscious individuals and victims of mass casualty incidents.
One of their investors is Accumen Fund, who say: “We use philanthropic capital to make disciplined investments – loans or equity, not grants – that yield both financial and social returns.”
All good, voluntary stuff. Socialists hate it.