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Dr. Oz says 'many' seniors will see lower premiums next year — but only about a quarter are projected to
['Joseph Zeballos-Roig', 'July', 'Min Read']
Yahoo Finance
Mark Schiefelbein-Pool/Getty ImagesThe Trump administration is winding down a program that slashed premiums for Medicare's prescription drug plans, a step that may leave American seniors facing higher charges for their health coverage.
Dr. Mehmet Oz, the head of the Center for Medicare and Medicaid Services, wrote Tuesday in a post on X, "many" seniors would see lower premiums for drug coverage.
But, a Trump administration official told the Wall Street Journal that only about a quarter of enrollees would see their premiums remain flat or lower.
Dr. Oz said the Biden-era program amounted to an unnecessary government lifeline that benefited private health insurers.
He added that "every Medicare beneficiary" will keep access to affordable plans as the Trump administration continues efforts to expand Medicare coverage to include weight-loss drugs.