Trump administration is scrapping a Medicare drug plan subsidy that helped keep premiums stable

Photo: Mehmet Oz poses for a photo with President Donald Trump in the Oval Office before his swearing-in ceremony for Administrator of the Centers for Medicare and Medicaid Services – Friday, April 18, 2025. Photo credit: Official White House photo by Molly Riley via Flickr. US government work. Article by Cris Tolomia. Quartz – updated July 29, 2026.

The Trump administration announced Tuesday it will end a subsidy program that helped keep Medicare prescription drug premiums stable, effective at the close of 2026. The Centers for Medicare & Medicaid Services said that after examining 2027 plan bids, it determined insurers were now capable of setting prices for their plans on their own, without the program’s financial backing. CMS said it will discontinue the Part D Premium Stabilization Demonstration at the end of this year, returning the program to standard market conditions in 2027. […]

Click here to view original web page at www.qz.com

Related articles:

Trump Scraps Medicare Part D Subsidy: What It Means for Seniors – Newsweek

‘Countless Seniors Will Soon Pay More’: Trump Ends Subsidy for Medicare Prescription Drug Plans – Common Dreams

Trump administration ending Medicare premium subsidy program – The Hill