LYFT CEO says that the company will save $ 200 million of insurance costs from the union deal it provided with legislators in California

“What we got in return was enormous,” Riccher said on the stage Monday in luck‘s Mental storm technique Conference in Park City, Utah. “Our insurance rates will decrease, and we will save approximately $ 200 million, which we will transfer to drivers in terms of paying better for drivers.”

Risher comments come shortly after A deal that Lyft and Uber struck with the governor of California State Gavin New RoosomIn addition to two other legislators in California, it would allow for operating programs in riding a ride to organize and organize higher salaries, benefits, and some workers’ protection. On the other hand, California lawmakers said they would support state legislation that would reduce the cost of insurance coverage that riding companies must pay.

Risher’s comments on Monday were the first attempt of the company to put a cash number on savings – with Risher estimation that the company will save about 200 million dollars of insurance payments.

The Uber and Lyft deal with government organizers was a surprise to some, especially because Uber, Lyft and other companies have collectively spent about 200 million dollars a few years ago in an attempt to pay legislation that would classify horseback drivers as “independent contractors” and thus limit the benefits they can obtain in California.

During his interview on Monday, Recyccher again pushed against the idea that Lift and drivers had different interests.

“I think people think that drivers and to turn on the other side of things,” Richcher said. “Often we do not fit it. Often when drivers earn more money, Lyft earns more money. Lyft earns more money, and operating programs earn more money. It is not detailed.” He said that Lyft will decrease savings from reduced insurance costs to their drivers.

After the California deal with Uber and Lyft, other states made similar attempts to allow the union’s workers. Massachusetts also recently acknowledged a polling that would give drivers the right to organize, according to what Minnesota and Illinois are also taught.

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