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The City That Sold Itself To Wall Street
Cautionary Tales with Tim Harford
Privatization Impact on Healthcare Services
Privatization of a city hospital led to reduced accessibility and increased costs for patients. A breast cancer patient realized that under the privatized system, her radiotherapy would only be covered for 7 minutes by a quarter, causing frustration and inconvenience. This shift in service delivery was likened to a daily insult by a public relations advisor, expressing the negative impact of privatization on essential services like healthcare.
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