He was a pretty well off person so he wouldn't have been bankrupted if this happened in the USA. But he wouldn't have his house anymore either.
Why wouldn't he? If he was 'pretty well off', he'd have been paying monthly health insurance premiums instead of higher taxes. He would be providing for his family, not for others. You may find this to be selfish - that's your right. But if he lost his house over it, he just wasn't planning ahead.
Does he carry fire insurance? Or would the government replace his house if it burned down?