That is what is going to happen. The price will hit the road and will cover every world citizen. I believe the $30 genome will be on the market in 2011. Globally in 2010, 100.000 genomes will be read. In 2011 alone it will be around 1 million. In 2012, 10 million. 2013, 100 million. 2014, 1 billion genomes will be read..

reading the 300 million US genomes will be less than $10 billion compared to the 1 trillion US health care budget.

Please see “Top 10 SNPs” to figure out of the impact..

http://snpedia.blogspot.com/2010/01/snpedias-top-10-snps-of-year.html

This is sciencefaction.

The $30 Genome?

A startup is developing a new and potentially much cheaper sequencing technology based on microfluidics.

http://www.technologyreview.com/biomedicine/25481/?a=f

Complete Genomics has reached the $5000 cost benchmark before 2010 … just as expected.

Researchers at Yale have sequenced the genome of a patient in order to diagnose his condition, reportedly for the first time. Richard Lifton and his team examined the protein encoding portion of an infant’s DNA to determine whether or not he had Bartter’s syndrome (he didn’t). Though still too expensive to use in everyday clinical work, Lifton has shown that whole genome analysis is an effective and relatively quick method to diagnose some diseases. We’re going to be seeing a lot more of this.

– from Singulartiy Hub