JACUZZIS FOUND EFFECTIVE IN TREATING PHLEBITIS
"EFFECTIVE" and "IN" are the only two words found in the first 2,000 words sorted by frequency, although "FOUND" is close. So with only 200 words you'd understand:
WNPHMMVF SBHAQ RSSRPGVIR IN GERNGVAT CUYROVGVF
2,000 words would give you:
WNPHMMVF FOUND EFFECTIVE IN GERNGVAT CUYROVGVF
And some grammar knowledge would tell you
WNPHMMVF(N) FOUND EFFECTIVE IN GERNGVAT(V) CUYROVGVF(N)
Which is enough to know that you only really need to look up "TREATING" in the dictionary to understand the gist of the sentence But it'd hardly pass as a fluent understanding...