Birdwatch Note Rating
2022-12-18 01:22:47 UTC - NOT_HELPFUL
Rated by Participant: 8DC308A15D6E9CF138FE6D009275C0A06ED689F5A20F92BA48FB81CCF706DCEB
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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