Genetic technology is inherently cheap
I was wondering if you could explain this.
I used to work in a lab doing genetic research and I can tell you first hand Genetic Technology is anything but cheap!
Simple Primer (20bp) - $200 for 2 miroliters, even more if you increase length.
Genomic DNA - $100's - $1000's based on species
Thermalcycler - $1000's depending on your model
Capillary electrophoresis system - $10,000's
Polymerase - Varies w/brand
Various Buffer's, Minerals, bp solutions - not cheap, can't remember prices off hand.
Agarose Gel - well that's cheap
Ethidium Bromide - not cheap
Gel Imaging station - $1000's
Markers - $100's
Ok, you gotten to the point where you can take a peice of DNA and make a copy of it!
This doesn't even scratch LB, plates, hosts, etc that are needed to actually do anything w/your copied DNA, Let alone verify that you successfully made an accurate copy...
Of course, like with all technology, the price will drop as methodology and manufacturing are fine tuned, but that won't be for a great while. If you are speaking of the final mass produced genetically engineered product, it would be priced to be competitive with competing products. Bt Corn is not much more expensive than normal corn, however its development was quite expensive and is reflected in its price. It just so happens that the volume is so large that the extra cost can be spread around more.
That would be the key to inexpensive genetic treatments - Mass productin/volume. Hence either Everyone would need it (required) or it is so benificial (compared to competing medical techniques) that everyone would be willing to pay for it.