1. A healthy body does not absorb more iron than it needs if excess iron is consumed.
2. The body constantly loses small amounts of iron through normal processes of sweating and cell replacement (to say nothing of menstruation and other forms of blood loss), so excess iron that the body mistakenly absorbs will eventually dissipate.
3. Pre-menopausal women have really no reason to worry about this because they regularly lose blood through menstruation; men and post-menopausal women who are worried can artificially do the same thing by regularly donating blood (which is a nice thing to do, anyway).
4. Consuming extra calcium, zinc, and magnesium will naturally lower iron absorption if don't even want the iron to get into your body in the first place.
5. Between 0.3% and 0.8% of the caucasian population suffers from a genetic iron absorption disorder, invalidating the above; they should not use cast iron to cook (they should also not do a whole host of other things, too).
So I don't see any particular reason to be worried.
Long version:
Information taken from https://en.wikipedia.org/wiki/Human_iron_metabolism.
Assuming all this information is accurate, I see no reason to be worried about cooking with cast iron. Iron is not a toxin; it is a mineral that is necessary for life itself that is only dangerous in excess quantities, which is why my body has a complicated mechanism for making sure it doesn't get too much of it, and which I have no reason to believe is not functioning normally.Iron is an absolute requirement for most forms of life, including humans and most bacterial species. Plants and animals all use iron; hence, iron can be found in a wide variety of food sources.
Iron is essential to life due to its unusual flexibility to serve as both an electron donor and acceptor.
Iron can also be potentially toxic. Its ability to donate and accept electrons means that if iron is free within the cell, it can catalyze the conversion of hydrogen peroxide into free radicals. Free radicals can cause damage to a wide variety of cellular structures, and ultimately kill the cell. To prevent that kind of damage, all life forms that use iron bind the iron atoms to proteins. This binding allows cells to benefit from iron while also limiting its ability to do harm.
[...]
In response to a systemic bacterial infection, the immune system initiates a process known as iron withholding. If bacteria are to survive, then they must obtain iron from their environment. Disease-causing bacteria do this in many ways, including releasing iron-binding molecules called siderophores and then reabsorbing them to recover iron, or scavenging iron from hemoglobin and transferrin. The harder they have to work to get iron, the greater a metabolic price they must pay. That means that iron-deprived bacteria reproduce more slowly.
[...]
Most of the iron in the body is hoarded and recycled by the reticuloendothelial system, which breaks down aged red blood cells. However, people lose a small but steady amount by gastrointestinal blood loss, sweating and by shedding cells of the skin and the mucosal lining of the gastrointestinal tract. The total amount of loss for healthy people in the developed world amounts to an estimated average of 1 mg a day for men, and 1.5–2 mg a day for women with regular menstrual periods. People with gastrointestinal parasitic infections, more commonly found in developing countries, often lose more.
This steady loss means that people must continue to absorb iron. They do so via a tightly regulated process that under normal circumstances protects against iron overload.
[...]
Iron uptake is tightly regulated by the human body, which has no regulated physiological means of excreting iron. Only small amounts of iron are lost daily due to mucosal and skin epithelial cell sloughing, so control of iron levels is mostly by regulating uptake. Regulation of iron uptake is impaired in some people as a result of a genetic defect that maps to the HLA-H gene region on chromosome. In these people, excessive iron intake can result in iron overload disorders, such as hemochromatosis.
[...]
Hemochromatosis is estimated to cause disease in between 0.3 and 0.8% of Caucasians.
[...]
Iron toxicity results when the amount of circulating iron exceeds the amount of transferrin available to bind it, but the body is able to vigorously regulate its iron uptake. Thus, iron toxicity from ingestion is usually the result of extraordinary circumstances like iron tablet over-consumption rather than variations in diet.
[...]
Iron absorption from diet is enhanced in the presence of vitamin C and diminished by excess calcium, zinc, or magnesium
