President Obama is making another attempt to push a sweeping health care reform bill through Congress.

Thursday, the president will host a health care summit between congressional leaders of both parties in what The White House describes as a chance to find common ground on a health care reform bill.

Obama released what he called "a compromise" between both the House and Senate version. The cost of this plan is $10 trillion over 10 years. With so much at stake, one local hospital CEO is weighing in.

"The bottom line is our health care system is broken," said Rochester General Hospital President and CEO Mark Clement.

Clement said now is the time for meaningful health care reform.

"Waiting could very well result in nothing happening. Just as was the case in the early '90s," Clement said.

Clement said hospitals across Upstate New York are packed with people who don't have health insurance.

"We have hundreds, thousands of members of our community that rely on emergency departments, which is a far more expensive place to deliver care instead of a physician's office or in the community," said Clement.

With health insurance premiums rising, House Democrats are once again taking aim at insurance companies.

"My colleagues on the other side say no government is the best government and free market works best if there is no attempt to regulate it. I would argue that is far outweighed by the benefit we gain by having more competition," said U.S Rep. Louise Slaughter, D-Fairport.

The president said his latest version of health care reform would insure 31 million Americans, help more people buy insurance and block excessive insurance rate hikes. Even without a government-run public option, most Republicans in Congress are not on-board.

"The longer Washington sticks with that failed approach to health care, the longer Americans have to wait for the real reform that will lower cost and lead to a better system," said U.S. Senate Minority Leader Mitch McConnell, R-Kentucky.

Despite the divide, Clement has high hopes.

"We are optimistic that the summit on Thursday will break the logjam," he said.

Even in Rochester, a city that former President Bill Clinton called "a model for health care," Clement said reform can't wait.

"Health care spending is growing at an unsustainable rate," Clement added.

C-SPAN plans to televise The White House Health Care Summit on C-SPAN 3 starting at 10:00 a.m. Congresswoman Slaughter will attend the summit; her office will also be streaming the event live on her web site.

Congresswoman Louise Slaughter