Medicare drug plan subsidies are vanishing and your wallet is next
Looks like the government is pulling the rug out from under prescription drug plans, and the bill is headed straight for seniors.
Federal subsidies that have kept Medicare drug costs somewhat sane for insurers are officially hitting the exit. Once these payments dry up, the insurance companies aren't just going to eat those losses out of the kindness of their hearts.
Millions of seniors are likely looking at a massive spike in premiums by 2027. It is the classic move where the math changes at the top and the actual cost lands squarely on the person picking up their pills at the pharmacy.
It is definitely one way to balance a budget, assuming the goal is to make basic healthcare feel like a luxury subscription service.
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