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23andMe raises $50M, cuts price to $99, sets goal of 1M genotyped customers

blog.23andme.com

1–10 of 245 posts

Re: 23andMe raises $50M, cuts price to $99, sets goal of 1M genotyped customers

#4
I paid in at their first $99 discounted rate (2010) and was very disappointed when they tried to demand a non-discounted new sample for newer tests about a year later. If I had paid the full $500 I would have been downright peeved.

Still, I'm glad I did it, 23andMe is a very enlightening experience. I even found some distant relatives I never knew about.

Re: 23andMe raises $50M, cuts price to $99, sets goal of 1M genotyped customers

#6
If their results are accurate to a degree, why are their tests not being subsidized by insurance companies. How much would an insurance co save by alerting a patient to her chances of getting diabetes, not to mention the money the patient would itself save.

Re: 23andMe raises $50M, cuts price to $99, sets goal of 1M genotyped customers

#7

Wow, looks like the announcement was pretty popular, I'm getting a 503! Luckily I got in during the sneaky "price test" on Cyber Monday at 50 dollars, so I'm good.

At 50 dollars I would have been in right away. Too bad I missed out.

Re: 23andMe raises $50M, cuts price to $99, sets goal of 1M genotyped customers

#8
post #6

If their results are accurate to a degree, why are their tests not being subsidized by insurance companies. How much would an insurance co save by alerting a patient to her chances of getting diabetes, not to mention the money the patient would itself save.

Who on earth would share their genetic profile with their insurance company? That's just asking for trouble.

Re: 23andMe raises $50M, cuts price to $99, sets goal of 1M genotyped customers

#10
post #8
post #6

If their results are accurate to a degree, why are their tests not being subsidized by insurance companies. How much would an insurance co save by alerting a patient to her chances of getting diabetes, not to mention the money the patient would itself save.

Who on earth would share their genetic profile with their insurance company? That's just asking for trouble.

The same people who would install driving monitoring devices to lower their auto insurance[1]. Not everyone cares about privacy.

[1]: http://www.nytimes.com/2012/11/25/business/seeking-cheaper-i...

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