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April 29, 2008

Genetic Testing Will Move to Mainstream Acceptance

This analysis is solely the work of the author. It has not been edited or endorsed by GLG.
Analysis By:
Frederic Goldstein, President and Chief Operating OfficerFrederic Goldstein
President and Chief Operating Officer, U.S. Preventive Medicine, Inc.
Implications: The passage of this bill by the Senate and the likely passage by the house are both good for consumers as well as the companies that conduct genetic testing.

Analysis: Genetic testing, although still early in development, has begun to receive more interest from consumers and physicians. One of the main fears of individual's has been the concern that these test results would be shared with insurers who would then increase premiums or not offer them insurance.  The passage by the Senate and the expected passage by the House of a bill "barring discrimination based on one's genetics" is good news for consumers as well as the companies that are selling this technology.  This will increase teh demand and speed acceptance.

While 23andMe and Navigenics have received a lot of press based upon their investors, deCode is the company that has actually made may of these genetic discoveries and does research in this area as well as pharmaceutical research based upon their genetic discoveries. I would expect savvy consumers and providers to ultimately use the deCode service if marketed and priced competitively.

Other Analyses of the Same Source Article:
Genetic testing initially will promote Chaos and misinformation
June 16, 2008, Author: Robert Forster, Healthcare Consultant, Robert Forster, MD
You Don't Have to Fear Discrimination Based on Your Genes
May 14, 2008, Author: GLG Expert Contributor
The Human Genome will promote genetic counciling chaos and misinformation
April 30, 2008, Author: Robert Forster, Healthcare Consultant, Robert Forster, MD

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