Major Medicare drug plan changes are coming for retirees
Medicare Part D may experience a significant change.
President Donald Trump is expected to sign an executive order soon to lower the cost of prescription drugs for Medicare beneficiaries.
The order would implement a “most favored nation” policy, tying the prices of certain Medicare-covered drugs to those paid by other developed countries.
The goal: bring U.S. prices more in line with international norms by leveraging the administration's executive authority.
For the 53 million people enrolled in Medicare Part D—out of the 67.3 million total Medicare beneficiaries—this move could offer meaningful relief from high out-of-pocket drug costs.
