Medicare drug plans are hiking premiums while Trump claims victory on medicine prices

States Newsroom · November 1, 2026

Millions of Medicare enrollees who buy stand-alone prescription drug plans will see their average monthly premiums rise by 50% in 2027, a new analysis finds. But enrollees can avoid the average increase — from $34 a month to $51 — by switching to lower-cost plans during the program’s open enrollment period, which runs…

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