From your pictures, it appears that you have Fordyce spots and not pearly penile papules.
Pearly Penile Papules quite common, found in up to 50% men. They consist of small, pink, round bumps and are found lining the area just above the corona, the groove between the shaft and head of the penis. Rarely they can be found on the head ( glans) penis and shaft. They can be misdiagnosed as warts or Fordyce spots ( or Tyson's glands, which are the same thing on the head of the penis) by the unwary physician. These are actually angiofibromas, similar to the fibrous papule of the nose ( where they are often mis-diagnosed as a basal cell carcinoma, again by the unwary physician).
What you appear to have are Fordyce spots which are ectopic sebaceous glands. They are also found in the border of the lips and sometimes in the mouth.
Laser, the pulsed dye laser is the most commonly used, and cryotherpy, are the treatment of choice. Of course, since these are both benign conditions, no treatment is really needed.
Insurance and Tricare do not cover either of these procedures since they are regarded as cosmetic.