Hello Smiley
I have to agree that travel insurance for foreign trips has gone silly. In 2007 our family went to Canada, but because my wife had certain medical conditions, the cost of insurance was greater than the cost of all our flights put together!.
In the end I discovered that a private medical insurance I had through work would actually kick in if a medical condition required more than 24 Hours in hospital, and it covered repatriation. All I then had to do was cover our flights which still cost the same as one ticket.
I'm not sure that loophole still exists, You would need to check.