This is about monopoly pricing and you will pay the price.
Verizon already charges consumers the most they can. They have maximized the revenue flow from consumers.
Now they want to charge content providers for access to their users. A whole new source of incremental revenue.
This has nothing to do with the cost of providing service. This is all about maximizing revenue. There is NO benefit to the consumer other than Verizon will provide the service they already paid for. Consumer bills will not be reduced since the consumer is already willing to pay it. But the cost of services like Netflix will increase. So there will be a net increase in wealth transfer from consumers to the shareholders of Verizon and ATT.
It will mean that content providers will no longer be able to buy bandwidth from one source. They will need to make deals with every ISP. It is exactly like every road becoming a toll road.
The actual cost of data center to data center bandwidth is shockingly low. I buy bandwidth for our data center and the stated arguments from Verizon to justify the new toll rings hollow. The new charges are not to upgrade equipment. That costs very little. It is just a new revenue source.