Birdwatch Note Rating
2022-12-17 14:49:10 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 8867BB3D5AADA51F0F159AFCB9A4096500C71D2D1D30CFDDDC78EF17B68F3E6D
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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