Q: Is President Donald Trump really cutting Medicare subsidies?
A: The Trump administration recently announced that it is ending a temporary subsidy that has reduced premiums for Medicare Part D standalone prescription drug plans. The subsidy, originally slated to run through at least 2027, was put into place by the Biden administration to offset expected premium increases after major changes to the Part D benefit. Analysts say some Medicare beneficiaries could see higher Part D premiums as a result.