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Medicare Drug Plans Are Hiking Premiums While Trump Claims Victory on Medicine Prices

Medicare Drug Plans Are Hiking Premiums While Trump Claims Victory on Medicine Prices

Millions of Medicare enrollees who buy stand-alone prescription drug plans will see their average monthly premiums rise by 50% in 2027, a new analysis finds. But enrollees can avoid the average increase — from $34 a month to $51 — by switching to lower-cost plans during the program’s open enrollment period, which runs through Dec. 7. Robert Travis Scott of Abingdon, Virginia, did just that in late October after he received a notice that his AARP-UnitedHealthcare Medicare drug plan premium would be increasing from $39.60 a month in 2026 to $121.90 in 2027. With just a little work checking...

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Wayne G Fraser
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Insurance Broker Insurance Industry
State Georgia, North Carolina, South Carolina
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