Tuesday, June 1, 2010

"Red Flags Rule" Delayed Again until December 31

Implementation of the "red flags rule" has been delayed by the Federal Trade Commission (FTC) until December 31, 2010. The delay gives Congress time to determine whether or not healthcare providers should be subject to the rules.

There are currently two bills in Congress that would create exemptions for healthcare providers. S. 3416 has been introduced in the Senate. H.R. 3763 would exempt providers with 20 or fewer employees from the rule.

This most recent delay follows a challenge by the American Medical Association and several other medical groups, claiming that healthcare providers should not be defined as "creditors" subject to the rule.

Source: Thompson.com

1 comment:

  1. I think smaller physician practices will be exempt but I do not think larger practices and hospitals will be exempt. There have been too many incidents of identity theft from hospitals.