Dems Try for Final Deal on Health Care Bill

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President Barack Obama and Democratic congressional leaders said they could have a compromise bill on the health care bill as early as Friday.

"We are on the doorstep of accomplishing something that Washington has been talking about since Teddy Roosevelt was president, and that is reforming health care and health insurance here in America," Obama told rank-and-file House Democrats on Thursday during a visit to the Capitol complex.

There are reports that union leaders are backing off their fight against the proposed tax on so-called Cadillac health insurance plans. But the administration may have also agreed to exempt certain union policies from the 40 percent excise tax.

Democratic leaders must still decide if it will prevent tax dollars from being used to fund abortions and whether to allow illegal immigrants to buy into health plans with their own money.

Democrats hope to reach a final compromise in time for Obama's State of the Union address, which he could present to Congress possibly as early as next month. Once that happens, they plan to have a final vote in the House and the Senate.

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