Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

> 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.



We 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?


> I thought the ACA allows charging more for pre-existing conditions

Nope: https://www.hhs.gov/healthcare/about-the-aca/pre-existing-co...




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: