New York Passes Uber Cap, Proves It Couldn’t Care Less For The Working Man
Ride-sharing apps are under attack. And that’s because transportation policy expert Bruce Schaller, a man who’s worked for the NYC Taxi and Limousine Commission, wrote a report saying that Uber is not helping to alleviate traffic.
“They haven’t relieved congestion and probably won’t, at least anytime soon,” a Tampa Bay Times reporter explained while reporting on the study.
Listening to Schaller, the New York City Council promptly passed legislation that limits the number of licenses the local government can hand over to vehicles being used in ride-hail services each year. In addition, the piece of legislation also allows the city to set a minimum pay rate for ride-sharing drivers.
By passing these pay rules, New York becomes the first city to directly regulate Uber pay rates.
Unfortunately, economic laws demonstrate that with the government intervening so directly in the market, the tendency is to see a rise in costs for consumers. And with the city also restricting the number of new vehicle licenses, Uber may have a hard time meeting the densely populated city’s demands.
Read more about how NYC passed an Uber cap here...
States Are Skeptical Of Introducing Competition In The Healthcare Market
As it turns out, the Donald Trump administration’s decision to break with Obamacare and give consumers a cheap, short-term health insurance option is bothering state governments and the insurance industry.
While the simple solution to the intricate mess that is our overly regulated health care system is to completely rid the books of all health care rules, the Trump administration decided to give Americans who are healthy and unable to afford any of the Obamacare options the chance to sign up for “short-term” plans.
Precisely because these plans do not have to meet Obamacare standards, insurers are free to offer different options that may not cover as much as the standard plans, making them more affordable by default.
In order to undermine the federal government, states are issuing their own warnings and policies regarding these “junk” plans and how they should not serve as a substitute. But perhaps, what’s more telling about the resistance to the availability of cheap plans is that the insurance industry itself is worried that these “subpar” plans will drive consumers away from the Obamacare market.
Read more about how states are skeptical of introducing competition in the healthcare market here...