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Testing costs and turnaround times vary. Genetic test results are usually ready in three to four weeks. Though genetic testing costs are often paid for by insurance carriers, patients may be required to pay some or all of the cost when the test is ordered.esting costs and turnaround times vary. Genetic test results are usually ready in three to four weeks. Though genetic testing costs are often paid for by insurance carriers, patients may be required to pay some or all of the cost when the test is ordered.
Genetic test costs taxpayers $500 million a year, with little to show for it. e hear a lot about the wonders of genetic testing, how it can revolutionize medicine and find cures for fatal diseases. A new study from the University of Michigan also shows how it can waste a half a billion dollars a year.