8.22.2009

No, it's not April 1

NEW YORK — Billionaire Mayor Michael Bloomberg defended multibillion-dollar pharmaceutical companies and their chief executives Friday, declaring that they "don't make a lot of money" and shouldn't be scapegoats in the health care debate.

The mayor — and wealthiest person in New York City with a fortune estimated at $16.5 billion — made the comments on his radio show Friday during a discussion about health care.

link: NYC's Bloomberg: Drug CEOs 'don't make a lot of money' - San Jose Mercury News


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