A few key things: It seems like the cab companies are not happy about this move by the commission.<p>Second, this portion of the proposal:<p>> 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.<p>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.<p>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.<p>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.<p>Again, this is all conditional on the proposal passing, and the commercial insurance requirement excluding UberX insurance for casual ride-sharers.