The insurance lobby is telling us that they will raise our premiums if we dare create a public option or regulate them out of their coverage canceling loopholes. That's what they are doing. Obviously they don't have to do that; they could cut into their recession-defying, eye-popping profit margins, but they're saying they'll just pass all the extra costs to us so that they can keep the same rate of profit.
There is a term for this. It's "coercion," or if we're being less charitable "extortion."