NEW YORK (AP) — Millions of older adults on Medicare prescription drug coverage could face steeper monthly costs in 2027, after the Trump administration concludes a temporary subsidy program that has helped offset premiums for the past two years. “The Trump administration is actively raising prescription drug costs for 25 million seniors,” Senate Minority Leader Chuck Schumer wrote on X in response to the news, which was first reported by The Wall Street Journal. He said most Medicare beneficiaries would see less than a $10-per-month increase, and some would even see lower premiums than beforehand. Part D beneficiaries paid an average of $36 a month this year for their prescription drug premiums with the subsidies in place, according to the healthcare research nonprofit KFF. The subsidies offset the average premium by $16 in 2026, according to the federal Medicare Payment Advisory Commission (MedPAC).