Use the tilde key (~) to cycle through various healthbar settings. If I remember correctly the cycle goes something like:
none
self (and minions)
allies
enemies
demigods
all
The healthbar displays aren't linear reflections of health. I think they are logarithmic. So that means when the healthbar over the enemy DGs head is almost empty, he's probably at about half health.
Some people don't like it, I think it works. It makes it much easier to pick out which enemy DGs are nukeable kills and which you shouldn't bother with.
Just remember, when the health bar says they're almost dead, that means if you nuke 'em you'll probably kill them, never just tap someone on the shoulder and expect them to die.