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House Speaker Nancy Pelosi (D-Calif.) introduced the final draft of health care reform legislation Thursday that, like the recently announced sister legislation in the Senate, will include a government administered insurance option.

“The [Affordable Health Care For America Act] will expand coverage, including a public option to boost choice and competition in health insurance reform,” said Pelosi during an unveiling ceremony with other House Democrats at the U.S. Capitol.

While the public plan introduced Thursday is likely to satisfy moderate Democrats, it runs the risk of upsetting progressives, who have long been pushing for a more “robust” option. As it now stands, the public option grants health care providers more leverage in reimbursement rate negotiations.

Still, Pelosi lauded the bill during the ceremony, claiming that it will be deficit neutral, close the Medicare Part D coverage “donut hole” and extend coverage to 96% of Americans. Pelosi also promised that the bill will be available online 72 hours before it reaches the floor.

The Speaker’s remarks were briefly interrupted by megaphone wielding pro-life protestors. Pelosi responded to the distraction, quipping “thank you, insurance companies of America.” The demonstrators were not permitted entrance to the closed ceremony.

At the ceremony’s close, Rep. John Dingell (D-Mich.), the longest serving member of the House, presented the Speaker with the gavel used during the passage of Medicare.