| A few key things: It seems like the cab companies are not happy about this move by the commission. Second, this portion of the proposal: > Replace the current taxi medallion system with a registration process that would require all drivers to register with the city clerk's office and provide proof of commercial insurance. This article does not make it clear if the insurance Uber provides by default for UberX drivers would count here, or if drivers would need their own commercial insurance policy. If UberX's insurance does not count, then this move would not introduce significant ridesharing, and the only benefit to the policy change would be the elimination of the medallion system. Do not read me wrong, that is a wonderfully good thing, as regulated limits to supply legally enforce monopoly pricing. I read the primary benefit of UberX and similar services in the massive increase in marginal transactions facilitated, rather than the relatively simple task of acting as a modern taxi dispatcher. Again, this is all conditional on the proposal passing, and the commercial insurance requirement excluding UberX insurance for casual ride-sharers. |