The Trump administration plans to end a subsidy program that helped hold down premiums for Medicare drug plans, a move that could leave many seniors facing higher rates for their prescription coverage next year.

The move will eliminate a program that is giving insurance companies an estimated $3.6 billion in subsidies this year to blunt increases in premiums for the Medicare prescription plans, known as Part D. The program will end after 2026, according to administration officials.

High drug costs are a perennial issue—especially for seniors on fixed incomes—and healthcare affordability is expected to be a focus in the midterm elections. Roughly 25 million people have Part D plans, and they will learn about their 2027 rates in the fall. Medicare drug coverage premiums are rising because the plans have been hit by growing expenses for GLP-1 medications and other specialty drugs.

Original WSJ article paywalled.

  • Frozengyro
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    4 days ago

    I mean Trump won the first time in part because racist America hated Obama so much.

    Thanks Obama

    • Notyou@sopuli.xyz
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      3 days ago

      I know it seems heaven sent, we ain’t ready to have a black president.

      And he was right. The US lost their mind and went with further right. Trump is a symptom not the cause.