President Obama just endorsed the proposed Senate health care compromise, even if it lacks a public insurance option.
The plan "could pave the way for final passage" of a major health care overhaul, Obama said.
The plan forged by Senate Majority Leader Harry Reid, D-Nevada, still promotes competition among health insurance plans, thereby helping lower costs, Obama said.
The president spoke while discussing plans to spend $500 million in stimulus money to renovate 85 community health centers nationwide.
