In most places finding an ATM that still uses the magnetic stripe is certainly not easy.
(Some chips aren't actually signing anything, they're just another way of reading the same info that's on the strip. It depends on the company issuing the card. This isn't covered in the video, but it's true.)
As the video shows, there are other vectors of extraction than ATMs.
From a squimish perspective... it sounds like something from a horrendous distopia. I just have visions of rows of human shaped tissue cultures.
A less horrendous version could be cultured cells for each organ, with some kind of circulation between them which one could test theraputics for cytotoxicity. I've seen "labs on a chip"[0] for things like PCR, I wonder if you could do that for drug testing in vitro.
[0]: https://en.m.wikipedia.org/wiki/Lab-on-a-chip