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Medicare and Senior Benefits

Medicare drug plan premiums are set to jump as Trump touts lower medicine costs

Digilifetrends Published 1 min read

Millions of Medicare beneficiaries who purchase stand-alone prescription drug coverage are expected to face a 50% increase in average monthly premiums in 2027, according to a new analysis.

U.S. President Donald Trump, accompanied by, from left, B1 Medicines CEO John Oiler, Astellas Pharma President Michael Putrasis, Commerce Secretary Howard Lutnick, Health and Human Services Secretary Robert F. Kennedy Jr., and Administrator for the Cent...
U.S. President Donald Trump, accompanied by, from left, B1 Medicines CEO John Oiler, Astellas Pharma President Michael Putrasis, Commerce Secretary Howard Lutnick, Health and Human Services Secretary Robert F. Kennedy Jr., and Administrator for the Centers for Medicare & Medicaid Services Dr. Mehmet Oz, holds up a poster displaying drug prices as he speaks during a healthcare affordability event in the Oval Office at the White House in Washington, D.C. (Kevin Dietsch/Getty Images/TNS)

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