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> Payment providers are companies. They should be able to decide what they'll cover or not. Legislation in other industries ensures that companies are not allo
by Closi 4y ago
> Payment providers are companies. They should be able to decide what they'll cover or not.
Legislation in other industries ensures that companies are not allowed to decide what they cover or not, because when companies pick and choose it leaves parts of the market being under-served (as is happening here).
As an example - Under the Affordable Care Act, health insurance companies in the USA can't refuse to cover you or charge you more just because you have a “pre-existing condition”.
Or as another example, the idea of net neutrality.
- giantg2 4y agoWe could add new regulations. Or we could enforce the current ones around antitrust and create alternative services out of them. By the way, I thought the ACA allows charging more for pre-existing conditions but set a multiplier cap on it?
- jacobr1 4y ago> I thought the ACA allows charging more for pre-existing conditions Nope: https://www.hhs.gov/healthcare/about-the-aca/pre-existing-conditions/index.html https://www.hhs.gov/healthcare/about-the-aca/pre-existing-co...