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The BFM Report · Aug 10, 2026

25 Million Seniors Just Got a New Bill. Congress Never Voted on It.

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The subsidy holding down Medicare Part D premiums is ending. Here is what it was covering, who decided, and what it does to a fixed income.

Start with the number, because the number is the whole story.

About 25 million people are enrolled in Medicare Part D, the prescription drug benefit. Beneficiaries paid an average of roughly $36 a month for it this year. About $16 of that was not coming out of their pockets. It was coming from a temporary federal subsidy that costs the government around …

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