Yesterday, The Washington Post broke the news that the nation's hospitals have agreed "to contribute $155 billion over 10 years toward the cost of insuring the 47 million Americans without health coverage."

Today at 10:30 a.m. ET, the White House says:

Vice President Biden, Health and Human Services Secretary Kathleen Sebelius, Chairman of the Senate Committee on Finance Max Baucus and representatives of the hospital industry will make a major health care announcement.

Update at 11:05 a.m. ET. Biden has made the announcement. As the Associated Press writes:

Vice President Joe Biden has announced a White House deal with the hospitals to help pay for President Barack Obama's overhaul of health care. ... Biden said the hospitals are ready to give up about $155 billion over 10 years in government payments. The money could then be used to help pay for covering millions of uninsured.