Trump administration to end Medicare Part D subsidy program in 2027Volunteers at the New Hanover County Senior Resource Center are helping people navigate Medicare (Photo: Sydney Bouchelle/WWAY)The Trump administration is ending a key health insurance subsidy program that aimed to keep premiums for seniors’ prescription drug plans in check, claiming that it benefits corporate insurance companies, according to Centers for Medicare & Medicaid Services Administrator Mehmet Oz. Medicare Part D — the government health insurance program’s prescription drug benefit — is used by tens of millions of older or disabled beneficiaries. The program’s subsidies are set to expire at the end of the year, the administration announced Tuesday. Trump administration officials decried the Biden administration for signing the Inflation Reduction Act, which they allege bailed out major insurance companies and resulted in increased premiums for Americans. The news about the Medicare Part D subsidies ending was first reported by the Wall Street Journal .