Why couldnt the track foot the bill for something like a catastrophic medical insurance? Something that doesnt kick in until $50,000+ or something.

Below that jocks could foot something that had limited coverage. There's lots of ways to work insurance so that no one person has to foot the entire bill. Perhaps even the owners could fund a catastrophic fund. I think that is the real issue that Honu is getting at. Smaller bills could be covered by personal coverage.