Bloomberg: Pharma co's don't make much money

Pharmaceutial companies don't make that much money, so politicians shouldn't beat up on them in the healthcare reform debate, NYC Mayor Mike Bloomberg said today.

"You know, last time I checked, pharmaceutical companies don't make a lot of money, their executives don't make a lot of money," Bloomberg said while co-hosting a radio show on WOR Radio this morning. "Not that they couldn't do better,"

Bloomberg corrected himself later after doing a Google search, in which he found out that pharmaceutical executives are "making a decent amount and more than a decent amount."

Bloomberg did take a shot at drug companies for selling drugs cheaper in other countries than in the United States, but said "that's not a reason to go and beat up on big Pharma."

(H/t: NY Daily News)