Insurance platform Oscar Health recorded its first-ever net profit amid record customer enrollment in Affordable Care Act plans. During an earnings call Tuesday (May 7), CEO Mark Bertolini said that total plan membership was up 42% during the quarter as “Obamacare” enrollment soared. “The ACA now has more than 21...
The Massachusetts Supreme Judicial Court heard oral arguments Monday (May 6) regarding a proposed ballot measure that seeks to redefine the employment relationship between rideshare and delivery drivers and companies like Uber and Lyft. The court’s justices expressed concerns over certain aspects of the proposal but seemed unlikely to fully support...
In the debate over the classification of gig workers, Massachusetts finds itself at the center of a legislative whirlwind, echoing a lengthy battle around California’s AB5 Gig-worker law. Proposals to reclassify Uber and Lyft drivers as employees rather than independent contractors have sparked heated discussions...
Uber says it has made an investment exceeding $1 billion in benefits for its California drivers and couriers since 2020. This investment is aimed at enhancing the working conditions and overall well-being of its vast network of drivers and couriers across the state, the company...
Defined by their sporadic and one-off nature, ad hoc payments have traditionally provided a flexible solution for compensating individuals for their services, catering to the needs of both employers and workers. According to a recent PYMNTS Intelligence study, produced in collaboration with Ingo Payments, these irregular...
What started as a move toward fairer compensation has evolved into a heated debate, pitting the interests of drivers against those of gig economy giants. In New York City, for example, a landmark decision has reshaped the playing field. Following legal battles, a groundbreaking law that went...
Global mobility and urban services platform inDrive’s financing arrangement with General Catalyst has been expanded to $300 million. The company has secured an additional $150 million from General Catalyst, which joins the initial $150 million it secured in 2023, inDrive said in a Thursday (March 14) press release. InDrive will use...
The European Union (EU) is reportedly inching closer to passing legislation on the social and labor rights of millions of gig workers within online platforms. The journey to this point has not been without its compromises and controversies, Reuters reported Monday (Feb. 11). Initially proposed by...
The U.S. Chamber of Commerce has joined a lawsuit challenging the Department of Labor’s (DOL) new independent contractor rule. Filed Tuesday (March 5), the lawsuit focuses on the DOL’s new test for classifying employees and independent contractors, the Chamber said in a Tuesday press release. The new test will cause...
