All of this medallion nonsense can just as easily come back with Uber whenever they feel that competition has driven down prices too low. With a wink and a nudge, all the large players will play ball because they can.
As for what it is today, these companies still aren't profitable which means you're still living in a halo of speculative investment supporting you're current quality of service. The only viable remedy is to raise rates, which puts the service as a more expensive solution that could actually cost more than taxied ever did in the long run.
