Remarks by President Biden Before Marine One Departure

Published: Wed Mar 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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