S&P 5007,428.78▲0.2% Nasdaq24,876.91▼0.2% Dow52,747.32▲1.0% Russell 2K2,953.80▲0.2% 10-Yr4.60%−4bp VIX18.21−0.46 WTI$81.23▼1.7% Gold$4,023.80▼1.2% EUR/USD1.139▼0.1% BTC$63,548▼0.3% Nikkei64,931▲0.5%
At close · Tue, Jul 28, 2026
Daily Market Updates.

Global Markets

Home›Global Markets›North America›Trump plans to end Medicare drug premium subsidies

Trump plans to end Medicare drug premium subsidies

The change could increase prescription drug coverage costs for millions of older Americans starting next year, according to the New York Times.

Reported · Written up by our desk · North America

The New York Times reports that President Trump plans to end subsidies that currently help cover Medicare prescription drug premium costs.

The outlet says the proposal could raise what millions of older Americans pay for their prescription drug coverage beginning next year.

While the article focuses on the potential impact on premium affordability, it underscores the change would affect people relying on Medicare for prescription drug coverage.

← Newer storyMKS shares jump as AI-driven semiconductor demand boosts investor foc…

More like this

Global MarketsX Money launches invite-only account feature with Visa debit access
Global MarketsFAA move could speed up launch approvals for SpaceX and Blue Origin
Global MarketsCanada's TSX hits fresh record as investors rotate into financials
Global MarketsEngland’s most overcrowded trains include Thameslink Bedford route
Global MarketsSouth Western Railway to cut speeds as drought shrinks soil

Sources

NYT BusinessTrump Will End Subsidies for Medicare Drug Premiums

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.