Marty Makary: “50% of Americans have less than $500 of cash on hand.”

“This administration has not forgotten, as we have in the academic ivory towers, at the panels, on conferences, in the hallowed chambers of health care experts discussing health care reform. We have not forgotten that 50% of Americans have less than $500 of cash on hand. And when you have less than $500 of cash on hand and your car breaks down or you get a bill or you have a copay for a biologic, that can be catastrophic.” (11:27–11:32)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.