Greg Sargent reports that the Democrats are nearing a final deal on health care, which would give them a completed bill to bring to the table of the Feb. 25 “summit” — the purpose of which is ostensibly to hear new ideas.

Sargent says the sticking points are tweaks to the “Cadillac Tax”:

The House wants the threshold tweaked to make it more palatable to Dem members who oppose it. Some Senators adamantly oppose this. But the leadership is discussing various tweaks that could work.
Crucially, the House leadership may sign on to the compromise even without a tweak to the Cadillac tax, according to a senior leadership aide. That’s because the compromise is not going to be voted on — it’s merely to create something to take to the summit. So this logjam may still get resolved in time.

Sargent also says Senate Democrats are coming around on reconciliation:

“We’re getting closer,” the Senate aide says of reconciliation, adding that the leadership is more likely to pursue that course if the summit doesn’t yield any kind of compromise with Republicans, as expected. “People want to get rid of health care. They want it off the agenda. The simplest answer is that reconciliation may be the most expedient way to do it.”