President Barack Obama urged Democrats and Republicans on Saturday to find common ground at a White House summit next week he hopes will rejuvenate efforts to overhaul the U.S. healthcare system. Obama also used his weekly radio and Internet address to take aim at health insurance companies, saying the "status quo is good for the insurance industry and bad for America." Overhauling the $2.5 trillion U.S. healthcare industry is Obama's signature domestic policy. "As bad as things are today, they'll only get worse if we fail to act. We'll see exploding premiums and out-of-pocket costs burn through more and more family budgets," Obama was quoted as saying by Reuters.
