It seems that the discussions regarding Obamacare are not about to cease, not in the next few months, at least. As those who follow politics will likely know, Obamacare, as it is popularly known, is the new health care law, or the Affordable Care Act, which was implemented by the Obama administration.

Its net cost for the government will be $1.36 trillion by year 2023. It seems to be such a huge amount on face, however, it will reduce the health care spending growth by several billions of dollars each year. More Americans will have reduced health care costs and tens of millions of Americans will also have medical insurance, which is estimated to lead to a net decrease of the deficit overall.

The cost of the subsidized healthcare depends on four categories, but all come with the same health benefits. The Bronze plan charges the lowest premium, but will only pay 60 percent of the cost of your healthcare. If you have a chronic health condition, it is best that you go for the Platinum plan, which will pay for 90 percent of your medical bills, although it does charge the highest premium rate monthly.

The cost of the medical insurance plan will also depend on age. Older people may be charged up to three times the premium rate for younger insurance buyers, which is the maximum charge allowed. The insurance plan cost is also dependent on location, as it is based on the cost of living.

Fees are similarly dependent on income. If income is 400 percent of the Federal poverty level or less, one is qualified to receive a subsidy. Everyone must have health insurance before the March 31, 2014 deadline. One can enroll by going to the health insurance marketplace of their state. The website contains detailed instructions on how to sign up, as well as all the information about enrollment periods and fees. People will be charged a fee for each month they fail to sign up for a health insurance plan after the March 31 deadline.