- The Trump administration will end a temporary Medicare Part D premium subsidy in 2027, a move expected to raise prescription drug insurance costs for millions of older Americans.
- The Centers for Medicare & Medicaid Services says the program, introduced to stabilize premiums, will expire after costing the federal government about $3.6 billion a year.
- Roughly 25 million Medicare beneficiaries benefited from the subsidy, which lowered monthly premiums by an average of $16.
- Health policy experts warn some seniors could see their monthly drug plan premiums jump by as much as $20, with higher costs potentially pushing more people into Medicare Advantage plans.
- The decision comes as many Americans continue to grapple with rising healthcare costs, creating a potential political headache for President Donald Trump as he tries to maintain support among older voters.
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