I think the point is more that your insurance will become more expensive because you haven't walked enough between the age of 20 and 40, and therefore you're more prone to a heart attack.
Or maybe your mortgage is more likely to be denied
Or maybe your mortgage is more likely to be denied
I agree that Google + FitBit + Google owning a health insurance company would be suspect, but I'm unaware of them buying a health insurance company. Certainly, if the concern is government intervention, the intervention should hold off until an insurance startup is actually on the table?
I do see insurance startups on HN from time to time so I think the idea isn't totally far fetched though
https://www.theverge.com/2020/8/25/21401124/alphabet-verily-...
Verily already has its own smartwatch though.