Birdwatch Note Rating
2022-12-18 01:22:47 UTC - NOT_HELPFUL
Rated by Participant: E343F092F0B44A6E8DEC7F3A16DFE90A5DA9F420CB1B9EDE2292D0B45E00C827
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/
All Note Details