I have a comment waiting in moderation on the isteve post Konkvistador mentioned, the gist of which is that the American ban on the use of genetic data by health insurers will cause increasing adverse selection as these services get better and cheaper, and that regulatory restrictions on consumer access to that data should be seen in that light. [Edit: it was actually on the follow-up.]
http://blogs.discovermagazine.com/gnxp/2011/03/your-genes-your-rights-fdas-jeffrey-shuren-not-a-fan/
I find myself basically agreeing with Razib.
Yes there is generally incompetence and avoidable irrationality associated with the most likley way this will be regulated. But I find myself fearing something else even more. I'm scared of busybody policy advisor's or "well meaning" individuals who will choose to hide or misrepresent data purposefully to either:
Thoughts?