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Nov 2, 2026

Medicare Part D premiums rising 50% on average in 2027

Medicare Part D prescription drug premiums are spiking by an average of 50% for 2027, according to KFF analysis, with wide variance in costs between plans prompting health policy experts to urge seniors to shop carefully during open enrollment.

Nov 2, 2026·2 sources

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▪KFF noted that policy decisions by the Trump administration to end a Medicare Part D premium stabilization program early contributed to the rising cost of Medicare Part D coverage for 2027
▪KFF researchers emphasized that plan switching during open enrollment normally drives down average weighted premiums as enrollees move from existing plans to lower-cost alternatives
▪KFF reported that most Medicare Part D enrollees will face coinsurance instead of copays in 2027, leading to less predictable out-of-pocket costs for expensive and brand-name drugs

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Medication Pricing & Affordability Prescription drug costs Trump administration Health insurance Medicare Medicare 2026 Changes Healthcare affordability Medicare policy