GOVERNOR HOCHUL SLAMS TRUMP’S NEW MEDICARE CUTS THAT WILL RAISE PRESCRIPTION DRUG COSTS FOR 1.3 MILLION SENIORS ACROSS NEW YORK
Trump’s Plan to End Medicare Part D Subsidies is Expected to Take Effect in 2027 and Lead to Higher Monthly Premiums for Millions of Seniors Nationwide
While Trump Continues to Raise Costs for Seniors, Governor Hochul’s Policies Deliver Savings on Health Care For Seniors Statewide
Governor’s Expansion of the Medicare Savings Program Has Helped More Seniors Save Over $7,000 Per Year On Health Care Costs
Governor’s Ban on Insulin Co-Pays Saved New Yorkers Around $25 Million Since 2025
Governor Kathy Hochul today announced that the Trump Administration’s controversial plan to end Medicare Part D subsidies will raise prescription drug costs for around 1.3 million seniors across New York State, according to policy analyst estimates. As Governor Hochul slammed Trump’s latest plans for Medicare cuts, she also highlighted how New York has delivered healthcare savings for seniors through her major expansion of the Medicare Savings Program, banning copays for insulin, and other initiatives.
“The Trump Administration’s latest attack on Medicare will raise prescription drug costs for seniors across New York — and I’m calling on Trump to reverse these Medicare cuts now,” Governor Hochul said. “While Republicans in Washington are hellbent on making life harder and more expensive for hard working Americans, I’m staying laser-focused on helping seniors and putting money back into New Yorkers’ pockets.” Raising prescription drug costs that millions of older New Yorkers rely on every day risks putting additional financial pressure on seniors living on fixed incomes. Since taking office, Governor Hochul has been committed to making life more affordable for all New Yorkers, including seniors. Her initiatives include:
● Eliminating Co-Pays for Insulin: 1.58 million people are living with diabetes in New York and according to the American Diabetes Association, people with diabetes have medical expenses that are 2.3 times higher than people who do not have diabetes and the impact is even larger for communities of color, which face disproportionately high diagnosis rates. Governor Hochul spearheaded the most expansive prohibition policy against insulin cost-sharing in the nation, saving residents millions of dollars. Estimates show that this proposal has saved New Yorkers $25 million in savings over the last two years.
● EpiPen Price Cap: Placing a $100 annual out-of-pocket cap for EpiPens and putting in place comprehensive measures to eliminate or reduce cost-sharing for insulin and asthma inhalers on state-regulated health plans. The Governor’s proposal has saved New Yorkers approximately $2.4 million in 2026.
Congressman Jerry Nadler said, “Donald Trump’s Big Ugly Bill already kicked 500,000 New Yorkers off potentially life-saving health coverage, with hundreds of thousands more expected to suffer the same loss next year. Now, his cruel attack on Medicare Part D will force millions of seniors in New York and across our country to pay more for the lifesaving medicines they rely on every day. “I will continue fighting to protect our seniors from these devastating policies in Congress, and I thank Governor Hochul for her leadership to lower costs for New York’s seniors.”
