But the good news is that these first public option amendments were defeated! 
From Senate Committee Rejects Public Option for Health Overhaul - WSJ.com
This is the only up-side to trying to rush this legislation through. I feel fairly confident they don't have time to beat the Blue Dogs into submission on this tragic public option idea.
Of course, if they put the entire thing off until next year and took time to get input from their constituency, we would certainly end up with better reform than it looks like we are going to get. Thoughtful discussion and debate combined with incremental changes would be preferable but unlikely.

From Senate Committee Rejects Public Option for Health Overhaul - WSJ.com
Mr. Baucus has said a bill that contains a public option wouldn't garner 60 votes in the full Senate, which is the total needed to avoid a filibuster. He pointed to provisions in the Finance Committee's current bill that would impose new regulations on insurers, such as one that would bar insurers from excluding potential policyholders if they have a pre-existing health condition.
This is the only up-side to trying to rush this legislation through. I feel fairly confident they don't have time to beat the Blue Dogs into submission on this tragic public option idea.
Of course, if they put the entire thing off until next year and took time to get input from their constituency, we would certainly end up with better reform than it looks like we are going to get. Thoughtful discussion and debate combined with incremental changes would be preferable but unlikely.