I agree. You can hover your cursor over your health or mana bars at the bottom to show your current numbers. However, by the tiem you've done this you've usually just gotten hit by that nuke.
I can see why the devs did this. In my opinion, it gives a sense of excitement to this game that others don't have. In DotA, for example, I can look and say "Well I'll definately kill him unless he's got [item/sill], otherwise I'm boned." This is like Ooh what's going to happen?
Also, UI mods would just mean hax.