There's another interesting potential use for genetic disease screening.
Say there's a disease for which there is a genetic test, and there are also good preventative care options for this disease.
Ideally, you would take the test, find out if you're at risk, and if you are at risk have the insurance company pay for the prevantative care.
This would be good for the insurance company too -- the preventative care would cost them less than paying if you actually did get sick.
I'd imagine that would save billions of dollars per year for both consumers and insurance companies. I think a third party that makes such tests could be quite a profitable business venture...