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. FULL ANSWERWe’ve received several questions from readers about whether the Trump administration is cutting or changing the Medicare Part D prescription drug benefit. Broadly, Medicare coverage has three components: Part A covers inpatient hospital care; Part B covers outpatient medical services, and Part D is prescription drug coverage. By extension, some Medicare beneficiaries could see higher increases in their Part D premiums for 2027 now that the subsidy is ending, she said. “People still have about 10 prescription drug plans on average to choose from in 2026, so it’s not like this market [for standalone prescription drug plans] is on the verge of collapse,” Cubanski said.