That word followed talks yesterday involving the White House and Sen. Max Baucus, the chairman of the Senate Finance Committee.
The officials say a formal White House announcement could come as early as today, with Vice President Joe Biden standing in for the traveling president.
In a White House statement today, Obama reiterated his support for creation of a government-run plan to compete with private insurance companies as a way to "keep them honest." He says that's one of the best ways to bring down costs, provide more choices and ensure quality.