Health care comprises nearly 20 percent of our national economy, but outdated bureaucracy and red tape have stifled competition and raised costs. As a result, today more than 45 million are without any health coverage.

Summary

The quote implies that the healthcare sector plays a significant role in the overall economy, accounting for about 20% of it. However, it suggests that the presence of outdated bureaucracy and excessive administrative procedures have hindered competition within the healthcare industry and led to increased costs. Consequently, the quote states that there exists a problem of over 45 million individuals lacking any form of health insurance coverage as a consequence of these issues.

Topics