CHC Chair Barragán Applauds Lowering of Drug Prices

WASHINGTON, DC – Congressional Hispanic Caucus (CHC) Chair Nanette Barragán (CA-44) released the following statement:

“Today I was proud to join President Biden and Vice President Harris, as they announced new measures to help millions of families and communities across America, including Latinos, to save money on prescription drugs, so they don’t have to choose between their healthcare and other everyday expenses for their families.”

In a historic move to reduce prescription drug prices, the Biden-Harris Administration has successfully negotiated to lower costs for 10 of the most expensive drugs in the Medicare program, offering significant relief to millions of Americans, especially low-income Latinos who often face tough financial decisions due to high drug costs. These new prices, effective January 1, 2026, will provide much-needed savings, with Medicare expected to save $6 billion and beneficiaries to see $1.5 billion in reduced out-of-pocket expenses. These medications, which treat critical conditions such as diabetes, heart disease, and cancer —conditions that disproportionately impact Latino communities — will now be more affordable and accessible.

“This effort was in part made possible thanks to the work that Democrats in Congress did to pass the Inflation Reduction Act. I also want to thank Health and Human Services Secretary Xavier Becerra, for his leadership throughout the Medicare negotiation process. This announcement underscores our commitment to putting people over politics and making life-saving medications accessible to all communities.”