Implantable devices have wireless links, but I think we're taking about a totally different beast.
The problem is that this thing is a medical device. I can't see bluetooth being used for critical alarms, and especially not if connected to a piece of equipment that isn't also designed for the kind of guaranteed performance that medical devices require.
If you look at the potential risks here, it is death if you don't get an alarm that your glucose is too low and nobody else assists you if you lose consciousness. And for medical devices, when the risk is death, there are a huge number of hoops to jump through.
The risk here is even higher in some respects than the glucose monitor itself. Presumably it does its own calibration and tells you if that fails. If you have to rely on a consumer grade wireless link too... eeek!