Medical bills are (according to some studies [0]) the leading cause of bankruptcy in the US. So not only do you have to recover from a serious accident or illness, and maybe the loss of work time associated with it, you also are left with either a crippling level of debt or the total loss of your assets, plus a lien on future income.
Additionally, the less money you make, the worse coverage you probably can afford, leaving you even more exposed.
You're absolutely right that it's insane that Americans talk about this as if it's just the only way things could work.
Additionally, the less money you make, the worse coverage you probably can afford, leaving you even more exposed.
You're absolutely right that it's insane that Americans talk about this as if it's just the only way things could work.
[0] https://www.cnbc.com/id/100840148