Much has been said about the millions of cancelled health insurance policies. Often the insurance company explains that these plans do not meet the standards of the Affordable Care Act (ACA). There are 2 offered fixes.

Here is the House bill allowing you to keep your health plan:

H.R.3350 — Keep Your Health Plan Act of 2013

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.
This Act may be cited as the `Keep Your Health Plan Act of 2013′.

SEC. 2. IF YOU LIKE YOUR HEALTH CARE PLAN, YOU CAN KEEP IT.
(a) In General- Notwithstanding any provision of the Patient Protection and Affordable Care Act (including any amendment made by such Act or by the Health Care and Education Reconciliation Act of 2010), a health insurance issuer that has in effect health insurance coverage in the individual market as of January 1, 2013, may continue after such date to offer such coverage for sale during 2014 in such market outside of an Exchange established under section 1311 or 1321 of such Act (42 U.S.C. 18031, 18041).
(b) Treatment as Grandfathered Health Plan in Satisfaction of Minimum Essential Coverage- Health insurance coverage described in subsection (a) shall be treated as a grandfathered health plan for purposes of the amendment made by section 1501(b) of the Patient Protection and Affordable Care Act.

And President Obama’s latest concession is similar. But it seem to me, that the critical differences are that the President’s plan restricts it to current policy holders and only for 2014. The House version opens the plans to anyone who wants to buy and does not set an end date.

So my opinion is that since the ultimate goal of the ACA is to have all insurance policies meet minimum standards and the cancelled policies do not meet those standards, the President’s one year delay is the better plan.

But if you do not like the minimum standards imposed by the ACA, the House version may be more to your liking.