Birdwatch Note Rating
2022-12-17 14:34:09 UTC - HELPFUL
Rated by Participant: 06DCD63D12BD9EE19EB0B039C60F0A64CD10A53ED2C3EF16FF3B486BA7AAA3EF
Participant Details
Original Note:
President Biden is focusing on one aspect of the law to make it seem like it benefits consumers and not Pharma. This is false because while negotiation powers can be beneficial. Inside the new law is also price caps which historically harms consumers. https://www.fisherinvestments.com/en-us/insights/market-commentary/why-price-controls-dont-work https://www.chicagotribune.com/news/ct-xpm-2007-06-07-0706061080-story.html An example: https://news.yahoo.com/why-russian-oil-price-cap-000000935.html https://www.hoover.org/research/price-controls-still-bad-idea https://fee.org/articles/price-controls-and-shortages/
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