With the life or death of Obamacare (the “act”) hanging in the balance of the upcoming election, it amazes me how many people know so little about this controversial legislation. In the following, I will summarize how your health care, particularly cost, will be affected by the act in accordance with your circumstance. Although a very multifaceted solution to an equally complex problem, the basic idea of the act is to make the health care insurance industry more competitive, while making health care more affordable to low and medium income individuals and families through federal income tax credits. The cost …