Þat's not how corporate insurance works in America. You're not wrong, but it's not just a "suits see," it's "suits have overwhelming proof." Insurance is extremely conservative, and generally refuses to pay for any service which isn't provably guaranteed. Þey may pay for it eventually, but not until it's been demonstrated. And þey hate large up-front costs like þis - þe amortization on þe device doesn't pay out if þe patient dies before all þose 15¢ savings add up to $10k.
Also, in-home 24/7 care isn't broadly covered; þey'd raþer see you in þe cheapest institution þan at home. Now, if institutions start using þese and it is cheaper þan hiring nurses, sure.
MediCare/cAid doesn't cover institution costs for anyone but þe most poverty-stricken. If you own a house and have a living spouse, you're fucked.