Washington to Revisit Health Care Reform

GENERIC healthcare health care capitol congress economy - two fingers pointing at each other

The politically explosive issue of health care reform returns to center stage in the nation's capital this week. On Monday, the White House will take another shot at a health care bill with the announcement of a revised plan. It could be a long week for all sides, as CBS News chief White House correspondent Chip Reid reports.

The president has said again and again that jobs will be at the top of his agenda this year, but not this week when his focus will return to health care reform

"I don't want to see this meeting turn into political theatre with each side simply reciting talking points and trying to score political points," the president said recently.

Mr. Obama has invited house and senate leaders from both parties to Thursday's health care summit. It's expected to last at least six hours and will be televised live.

Special Report: Health Care Reform

Chances of compromise though are already taking a hit. After the White House announced it will unveil its revised comprehensive health care plan on Monday, angry republicans accused the president of using the summit to ram his bill down their throats

"The American people do not want this bill to pass and it strikes me as rather arrogant to say well we're going to give it to you anyway," Senate minority leader Mitch McConnell said Sunday.

The White House insists there are areas of possible compromise, such as banning insurance companies from dropping coverage, allowing small businesses to pool together to buy insurance, and allowing young adults to stay on their parents' plans

But republicans still vehemently object to central elements of the president's plan, including forcing people to buy insurance, increasing taxes to pay for it, and a price tag near $1 trillion.

Today former Secretary of State Colin Powell, who supports Mr. Obama, had a warning for both parties - "to start finding ways to compromise and get the country moving again and not just scream at each other."

For the president diving back into health care reform is a big political risk. It's likely to overshadow everything else he does and could convince voters he still doesn't understand that they want him to focus on jobs.