alt Hacker NewsThe problem is the healthcare cost is insane. You will go through $40k after a good injury that may need a major surgery or few smaller surgeries. Average cost for hip replacement is $40k.
I've had a sports hernia and the bill was about $30k.
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That's crazy, I looked it up and the average cost for a hip replacement here in the private system in Australia is about $24k (US$16k).
You can get it for basically nothing in the public system but you might have to wait a year or so if it's considered elective (emergency surgery is immediate of course), but most people with private health insurance can get the procedure done within in a few weeks and would only have to pay about $1000 (US$650) out of pocket with a $500 excess (which is pretty common), because the anaesthetist and surgery are usually invoiced separately. Some plans do have lower excesses (like $350) though if you pay higher premiums.
> I've had a sports hernia and the bill was about $30k.
And what the OP is pointing out is that if your injury is $30K, insurance covers nothing, because the premium + deductible is $40K.