Remarks by President Biden Before Marine One Departure
March 01, 2023
South Lawn
5:38 P.M. EST
Q Sir, what do you make of Eli Lilly's decision on insulin — capping prices at $35 a month?
THE PRESIDENT: We just thanked them. They're all going to do that.
Look, everybody knows, once we passed that legislation, it uncovered the paucity of the argument why these num- — numbers were charged. They're the biggest producers in the United States. Who's going to stick with the price now — the old price?
No, I think it's good. And, by the way, look what — look at the effect we've had not just on Eli Lilly and — and drugs, but look at the effect we've had on hotel costs and air — two of the major air carriers have now said, "Well, no, you can bring your kids. We're going to let you..."
I mean, once you expose these things, it's awful hard to defend them. And once one major carrier or one major operator changes it, it changes everything.
So I think we made a lot of progress.
Q Sir, on student loans, are you still confident that you will be able to win in the Supreme Court?
THE PRESIDENT: I'm confident we're on the right side of the law, but I'm not confident about the outcome of the decision yet.
5:39 P.M. EST
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