Obama Signals Compromise on HC Bill

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President Barack Obama signaled Tuesday that he may be willing to compromise in order to make progress on health care reform.

He is pushing Republicans to join him for a televised healthcare summit scheduled to take place on Feb. 25.

"Let's put the best ideas on the table," Obama told reporters after meeting with congressional leaders of both parties. "My hope is that we can find enough overlap that we can say, this is the right way to move forward, even if I don't get every single thing that I want."

However, top leaders within the GOP expressed suspicions Obama's invitation is a thinly disguised political trap.

Republicans are calling on the president to set aside the House health care overhaul and start over.

"It really is time to scrap the bill over," Minority Leader John Boehner, R-Ohio. "Let's talk about common sense things we can do to make health care more affordable for the American people and expand access."

"Bipartisanship can't be that I agree to all the things they believe in and want and they agree to none of things that I believe in and want," the president said.

Obama says he's also willing to work on ways to limit medical malpractice lawsuits. However, Republicans say those lawsuits are part of the reason health care costs are going up.

Meanwhile, California's Anthem Blue Cross has just announced a 39 percent rate hike on its health insurance.

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