Not happening? It COULD happen, but under the present tax laws, it would make little, if any difference. If a taxpayer itemizes deductions, the first 7.5% of health costs (insurance, medicine, doctors, hospitals) are not deductible. If the taxpayer has adjusted gross income of, say, $100,000, to use round numbers, the first $7,500 health expenses are not deductible.
On the other hand, there is a question whether an iWatch, for health purposes, would be covered by any form of health insurance. It's unlikely unless Apple can demonstrate that use of an iWatch would probably reduce the patient's long term health care costs (and therefore, government or insurance payouts). Most likely, there might be a co–pay, where the insurer agreed to cover, say $100 of the cost of the device.
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