July 30, 2026

Trump Administration Ends Medicare Drug Subsidy, Raising Costs for Seniors

The subsidy, which reduced Medicare Part D premiums by an average of $16, will expire, leading to higher costs.
Approximately 25 million beneficiaries could face premium increases, with some estimates suggesting rises of up to $20 a month.
Insurance companies are assessing the impact of this decision before finalizing Part D pricing for 2027.