Who's paying Michael Schumachers medical bills ?

rfuerst911sc · 02-19-2015, 01:46 PM

I read online earlier this week that Michaels medical costs to date are around 15 million dollars and it got me thinking who's paying the bill ? Does he still have a lifetime contract with Ferrari ? Is Mercedes paying ? Is the Swiss/European health care system paying ? Does he have private insurance ? I'm just curious I have no dog in the hunt. But if the bill is 15 million for a years worth of care what will it be for the next 30 years assuming he lives that long ? I'm a Schumi fan and feel so bad for him and his family but I am curious for whatever reason on the health care costs.

cairns · 02-19-2015, 02:27 PM

I would presume his wife is. He has hundreds of millions.

Deschodt · 02-19-2015, 02:30 PM

I'm surprised, given that french hospitals (initial treatment) generally don't charge very much. He probably has some form of insurance, but really 15mil is a drop in the bucket for his family...
Also while the initial treatment might have been expensive, as I understand now he's physically healthy, it's more of a brain rehab - retrain thing, don't think that's $15M a year anymore...
Guessing though - the family has released little news - which I think is great in terms of privacy (but bad because it's probably not good news).

strupgolf · 02-19-2015, 02:31 PM

When he got paid $60 million per years, I would hope he paid for himself. WTF

jorian · 02-19-2015, 03:03 PM

I remember reading somewhere he has a net worth close to $1B.

He has lots of issues for sure but paying his hospital bill is not one of them.

intakexhaust · intakexhaust's Garage

I don't understand how med bills could be that much, no matter his condition.

Oddly seems like the doctoring or his posse' is screwing him while he can't answer for himself. If he was gone, their money well would dry up.

rfuerst911sc · 02-19-2015, 03:58 PM

If the news reports are accurate he has a team of 14-15 people taking care of him 24/7. That will cost some bucks.

strupgolf · 02-19-2015, 04:00 PM

But not to the tune of anything he made in the years he raced.

motion · 02-19-2015, 04:13 PM

I'll bet MS would trade his billion dollars in a split second to be able to interact with his family again. Money is such a silly notion.

sc_rufctr · 02-19-2015, 04:21 PM

Id' imagine money is the last thing Michael and his family are worried about.
However he probably would have had the best cover available so his insurance company would be footing the bill.

What about the skiing resort(s) were his accident happened? Are they liable in any way?
I'm guessing no but with today's litigation environment of partial blame etc who knows for sure?

Black968 · 02-19-2015, 04:45 PM

The 15 Million was used to build a "hospital" in his house. His wife was driving a long way to see him everyday and it was grueling for her. Still cannot believe this happened to such an experienced skier.

Nickshu · Nickshu's Garage

Quote:

Originally Posted by sc_rufctr

Id' imagine money is the last thing Michael and his family are worried about.
However he probably would have had the best cover available so his insurance company would be footing the bill.

What about the skiing resort(s) were his accident happened? Are they liable in any way?
I'm guessing no but with today's litigation environment of partial blame etc who knows for sure?

In Colorado we have the Ski and Safety Act which basically renders ski area operators immune from being held responsible for personal injury. Maybe something similar exists in France? IMHO skiing is an inherently dangerous sport and the ski area should not be liable for injury unless it results from failure of their equipment (such as a ski lift mechanical accident).

sc_rufctr · 02-19-2015, 08:19 PM

Quote:

Originally Posted by Nickshu

In Colorado we have the Ski and Safety Act which basically renders ski area operators immune from being held responsible for personal injury. Maybe something similar exists in France? IMHO skiing is an inherently dangerous sport and the ski area should not be liable for injury unless it results from failure of their equipment (such as a ski lift mechanical accident).

I agree Nick. User beware but there would be plenty of people willing to cash in if they could.

speeder · speeder's Garage

Quote:

Originally Posted by sc_rufctr

Id' imagine money is the last thing Michael and his family are worried about.
However he probably would have had the best cover available so his insurance company would be footing the bill.

What about the skiing resort(s) were his accident happened? Are they liable in any way?
I'm guessing no but with today's litigation environment of partial blame etc who knows for sure?

Not the way things work in France. Their civil litigation and personal injury legal system bares no resemblance to the American model. That is combined with the fact that you cannot even sue a ski area here, unless there is some extreme hazard that they negligently caused.

911SauCy · 911SauCy's Garage

Seriously! Who gives a rats hind quarter!?

Rinty · 02-20-2015, 10:21 AM

Quote:

Originally Posted by Black968

Still cannot believe this happened to such an experienced skier.

Anyone can catch an edge, at any time. If that happens in the wrong place at the wrong time, say, in the trees, the result can be serious.

Schumacher's accident happened off piste, in an area that had numerous large boulders.

Hawkeye's-911T · Hawkeye's-911T's Garage

I am sure he'll be well looked after for a long while as the prospects for his full recovery seem to be much further down the road at this point in time.

One thing I take from MS's unfortunate accident is (I know this sounds corn-ball & hokey & a whole buncha folks have said it more eloquently afore) - Each morning I awake I try to enjoy the day as much as I am able - because, "Youneverknow"

Cheers
JB