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Trump administration plans to end Medicare drug plan subsidy, WSJ reports
- The Trump administration will end a subsidy program that helped hold down Medicare Part D premiums — the program provided about $3.6 billion in aid this year.
- The change could affect nearly 25 million people in standalone Part D plans; officials say about 25% may see no change or lower premiums, while roughly 30% could face monthly increases under $10.
- The administration says the subsidies encouraged insurers to raise premiums and are no longer needed, but the move spotlights ongoing worries about rising healthcare costs for seniors.
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