Health insurers raise alarm about 'public option'

Congress is trying to chart a path forward on health reform. Several congressional Democrats just announced plans to draft a bill that would create a public health insurance option.

That's bad news, given that a public option could destroy the private insurance market and deprive the majority of Americans of the employer-sponsored coverage they like.

According to polling data, two-thirds of Americans with employer-sponsored coverage are satisfied with their current plan.

Public option proponents don't want to upset more than 180 million people with employer-sponsored coverage. So they frame th...