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Motley Fool Answers

What’s the Deal with Drug Prices?

Motley Fool Answers

The Motley Fool

Taxes, Saving, Money, Investing, Planning, Retirement, Personalfinance, Finance, Education, Business

4.4823 Ratings

🗓️ 4 June 2019

⏱️ 37 minutes

🧾️ Download transcript

Summary

We’re joined by Leigh Purvis of AARP to discuss why prescription drug prices are so high in the U.S., possible policy solutions, and what you can do in the meantime to save money.

Transcript

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0:00.0

This episode of Motleyful Answers is brought to you by TD Ameritrade.

0:03.0

When it comes to investing education, one size doesn't fit all.

0:07.0

TD Ameritrade helps you learn whether you're just starting out or an elite trader.

0:10.0

Choose from articles, videos, webcasts, and more.

0:13.0

Visit TD Ameritrade.com slash education.

0:16.0

Member SIPC.

0:17.0

This is Motley Full Answers. I'm Alison Southwick and I'm joined as always by Robert Broke. PC.

0:22.3

This is Motley Full Answers.

0:26.1

I'm Alison Southwick and I'm joined as always by Robert Brokamp, personal finance expert here at The Molly Fool.

0:27.1

Hello, everybody.

0:28.1

In this week's episode, we're joined by Lee Purvis of AARP to talk about why prescription

0:32.0

drugs are so dang high and what's being done about it and what you can do about it.

0:36.0

All that and more on this week's episode of Molly Full Answers. So, bro, what's up? Well, Alison, a few episodes ago,

0:43.5

we highlighted how this has been an extraordinarily good year to be an investor in U.S. stocks.

0:48.6

From January to April, the S.S.P. 500 returned over 18%. It was the best four-month start

0:53.9

to the year since

0:54.5

1987, and then came May. So, as of this taping, May 30th, the SEP 500 is down 5.5% this month.

1:03.6

So when stocks do well for the year, but then they start to slide in that fifth month, we often

1:08.5

hear one of the most well-worn adages in Wall Street, which is

1:12.1

selling May and stay away? There you go. You picked that one out. Excellent. So the basic premise

1:18.4

is that the stock market does not do quite as well from May to October. And it turns out there's

1:23.9

actually some proof of this. So here's some numbers from LPL Financial that

...

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