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Trump Administration Ends Medicare Part D Subsidies - Here's What It Means

The Retirement Nerds

238,115 views

The headlines about Medicare Part D and the 2027 plan year are politically charged and, in most cases, wrong. No one just "killed" Part D. What actually happened is that a temporary subsidy — created in 2024 and always intended to expire — is ending on January 1, 2027, and CMS confirmed it in the National Average Monthly Bid Amount release on July 28.

📌 Full list of 2026 negotiated drug prices:
https://www.cms.gov/files/document/in...

📌 Full list of 2027 negotiated drug prices:
https://www.cms.gov/files/document/in...

📌 CMS 2027 National Average Monthly Bid Amount release:
https://www.cms.gov/newsroom/fact-she...

📌 Related: Medicare Advantage vs. Medigap explained:
Medicare Advantage vs Supplement Plans (20...

📌 Related: Ozempic and Wegovy under Medicare Videos:
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2027 plan details aren't published until September and can't be fully discussed with beneficiaries until October 1.

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⏰ TIME CODES ⏰
0:00 Political Disclaimer
1:34 How We Got Here
4:47 The Subsidy
7:44 Subsidy Ending
9:02 What This Means
9:32 Potential Negatives
10:53 Potential Positives
12:01 Advantage Plan Nuance
14:32 What to Watch Out For
15:39 Harsh Realities
16:47 Where to Get Help

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#medicare #theretirementnerds #socialsecurity #retirementnerds #finance

Federal Disclaimer:
We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.

20 Comments

@BacktheBlueK9 2 months ago

It's hard to find non-biased people to listen to. I appreciate you.

@Katiekatie948 2 months ago

If the government was serious about stopping fraud…they would get insurance out of medical care. Insurance IS FRAUD.

@paulv7260 2 months ago

Finally! Clear information that I CAN use. I've been enjoying a $0 part D premium where my generic maintenance meds cost $0. Looks like that will be going away and NO, I will never, ever switch to part C without reform. Thanks for doing this vid. It is greatly appreciated.

@terrimewborn6246 2 months ago

Thank you for this clear and unbiased overview of the situation. Your educational videos are the absolute best!

@dmjh932 2 months ago

There are always salespeople looking for an angle to make a sale. Here we go. Be careful.

@angus6032 2 months ago

And also, for people with supplements...we took a HUGE increase on the supplements over the past 2 years. And the hits keep coming for seniors.

@jen94018 2 months ago

One of the other options to handle Part D increases in costs by the companies was also to lower administrative costs (ie. salaries, bonuses, dividends to investors) but of course the argument is "we're a business and we need to make money." Sure, but the overarching problem with most issues in this country right now involves blatant greed by the superwealthy. This crosses all political boundaries. They keep us arguing about politics so we forget the real battle is socioeconomic in nature.

@IamGoen 2 months ago (edited)

You forgot option #4, eliminate the corruption, abusers, con artists, and downright thieves! Those that fall into this category should be brought to justice and pay for restitution. I suspect this will add billions back into the system. Kick and Can.

@errolowl1 2 months ago (edited)

Thank you! I didn't click (or kick) on any of the headlines or articles over the past week, knowing that if it was a real impact, you would have an update on it. Saves me so much frustration!

@JonYoung-o9h 2 months ago

You had me at the “shame on you” comment, (kick the can). Well done on clearly laying out the facts, timelines, and noting the gotchyas of how all this can be spun differently. Your passion for this approach makes this a better place. 100% positive impact. Keep it coming!

@glasslinger 2 months ago

The hard impact of this is, well complicated. YOUR costs will increase. The insurance company executives will still get their hundred thousand a year plus salaries!

@MikeHead-qo5zy 2 months ago

@Levi-l8d8l 2 months ago

Oh. Poor poor Insurance companies! 🤮

@LeezaDfromAZ 2 months ago

Thanks for the Facts.. Here's another one: The 5 largest health insurance companies in the US collectively generate over $1.59 TRILLION in total revenue and clear tens of BILLIONS of dollars in annual net profits. Having them make less money.. I am ok with that!

@jameswarfield4152 2 months ago (edited)

CAN. first time your post showed up in my que. I wish more people would leave their emotions and bias out of helping others and just plan facts. Decades ago, we could actually rely on that in main media. Thanks for the up date. Now I am a subscriber

@ericarnold-m8i 2 months ago

Insurance companies require no tears, their profits increase exponentially every year.

@kat1211 2 months ago

This is the first video of yours I've seen. I CAN tell you know your stuff & I found this the most honest, straightforward explanation of these changes. I started several videos on the subject and was disgusted by the "blame" instead of explain game going on. Good on you! I subscribed and look forward to more content.

@RetCon-x2q 2 months ago (edited)

This is what I know: I paid for my Medicare coverage for 50 year of work. Nobody asked if I wanted to be paying for it - I didn't have a choice. Now, if the government is going to pay back all the FICA money I paid them, I would let them off the hook. BUT I HAVE ALREADY PAID IT. I do not care what the greedy f#cker call themselves or their 'party', I will put whatever energy I still have, behind whoever will actually exhibit the basic decency to not screw the people who have actually already paid for our basic health care. And I appreciate you keeping this on point.

@jjbud3124 2 months ago

Insurance companies should have NOTHING to do with our medical care. They make profits by denying care and paying huge salaries and bonuses to their CEO's. ALL our money should go toward health care and only the salaries required to administer it - just like Social Security works now. Profits for health care administration are the evil breaking the system. Medicare has been successful for decades as a non-profit, government run system. The only problem with it is that our politicians refuse to do anything to prevent it's demise because some millionaires and billionaires would need to pay the same percentage of their earnings as the rest of us.