I will refer to a simple thing about the American example, that I think might give one a good reason to think twice..
"For the 1.5 million Americans who go through bankruptcy in an average year, medical bills are the leading cause. For all of that, you would think there would be a loud and visible constituency for healthcare reform.You would think there would large demonstrations, or at least aggressive lobbying for change. But there is very little."
See more at BBC http://news.bbc.co.uk/1/hi/magazine/7006933.stm
ALSO note these graphs when drawing your conclusions:
Saving for a rainy day (particularly for this non existent health safety-net) (negative saving is of course borrowing...)