What is the main objective of the Health Insurance Portability and Accountability Act (HIPAA)?
- Enforcing cybersecurity standards in industries
- Ensuring fair trade practices
- Protecting the privacy and security of health information
- Regulating financial transactions in healthcare
HIPAA aims to safeguard the privacy and security of health information. It sets standards for the electronic exchange of healthcare data and establishes rules to protect patients' sensitive health information. Compliance with HIPAA is vital for entities handling healthcare data, such as healthcare providers and insurers, to prevent unauthorized access and protect patient confidentiality.__________________________________________________
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