<\/b><\/p>\n
<\/b><\/p>\n
TUESDAY, Oct. 22, 2019 (HealthDay News) — There will be more health insurance choices and a slight decrease in premiums for many consumers next year under the Affordable Care Act, according to the Trump administration.<\/p>\n
Twenty more insurers will be participating in 2020, which will expand consumer choice in many states, and nearly 70 percent of customers will be able to shop for a plan from three or more insurers, officials said Tuesday, the Associated Press<\/i> reported.<\/p>\n
For a hypothetical 27-year-old choosing a standard plan, premiums will fall 4 percent on average next year in states served by the federal HealthCare.gov website, officials said. That means the 27-year-old would pay monthly premiums of $374 for a low-cost midrange plan, but income-based subsidies could drop that to about $50, the AP<\/i> reported.<\/p>\n
About 10 million people are covered through the Affordable Care Act’s insurance markets, which provide taxpayer-subsidized private plans for people who do not have work coverage, the AP<\/i> reported.<\/p>\n