Probably just as well as a public option for property insurance. Which is to say “not well at all”:
In Florida, the public option has meant a substantial socialization of insurance, subsidization of the public option by those who take a private option, and the creation of a fiscally-unsound public insurance company despite the subsidy.
We have just about all of the evidence we could possibly need to warn us that the public option is a bad idea. Why more policymakers don’t pay attention to that evidence is a mystery. But bad consequences will accompany that lack of attention.