Reporting: Obama projects $900 billion to fix health care

Declaring that he is determined to be the last president confronted with reshaping health care in America, President Barack Obama proposed a 10-year, $900 billion plan Wednesday night to overhaul a system that he said had left the country at “a breaking point.” ...

While Obama made it clear that he strongly endorsed what has come to be known as the “public option,” he offered it as only a small component of a larger system of “insurance exchanges” in which individual Americans and small businesses could pool their negotiating power to wrest better coverage and lower rates from private insurance companies.

Full story (Alex Johnson/msnbc.com)