"If private insurance companies can't compete with a public option, it's because they won't be able to bloat their profits on the backs of sick people any more."
That's total BS. What company could compete against any company that could lose all the money it wants to lose without fear of going out of business, and have no incentive for efficiency in operations?
Do you think anyone in the government that promotes a public option would agree to require it to be 100% self sustaining? No way in hell they would.