May 23, 2025

The Latino Coalition has continuously supported efforts to reduce healthcare costs for American families. Instead of shifting pricing power abroad, we believe reforms should focus on addressing the real cost drivers here at home— in particular, the growing share taken by intermediaries such as Pharmacy Benefit Managers, or PBMs as they are commonly referred to, and which are primarily owned by the country’s largest health insurance companies. Ensuring that more of every dollar spent on medicine goes directly to patients will deliver greater affordability without sacrificing access to future cures. The U.S. needs to continue to lead in biopharmaceutical innovation. It is critical that policies reinforce—not disincentivize—domestic manufacturing and investment, which support jobs and strengthen supply chain resilience in the U.S.