About HIPAA Misconceptions

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Misconceptions of HIPAA revolve around the government not having the time or resources to enforce many of its regulations, but major crimes against the act result in large fines and jail time. Get information about HIPAA with information from a representative in this free video on insurance.

Part of the Video Series: Health Insurance Information
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Video Transcript

This is John Pinelli, financial representative, talking to you today, about the common misconceptions of HIPAA. HIPAA, the Health Insurance Portability and Accountability Act, prevents hospitals and medical providers, from transferring your information, or releasing your medical information, to employers, to solicitors, etc. It basically protects your personal medical information, so oftentimes the government just doesn't have the time, or the resources, to enforce a lot of the HIPAA regulations, and if they were to, this would cause an increased burden on the taxpayer, because they would essentially have to pay for these services by the government, so unless it's a major, major screwup by the hospital, or care provider, oftentimes the government won't step in and do anything. Now, if the hospital is going around, and releasing medical records left and right, selling information to insurance companies, etc, then the government is going to come in, and start to impose some fines. Now, fines can be as little as fifty thousand dollars, with one year of prison, up to two hundred and fifty thousand dollars, with five years in prison, and this just depends on the level of negligence, that was done by the hospital, so if the hospital just accidentally lost your records, then they probably wouldn't be as bad, as if they were purposely selling them, to individual insurance companies, or selling them to companies, who are considering hiring you, because those companies would be responsible for health insurance, if they provided it for you, and they might have the potential to exclude you from that health insurance, if they had access to all this information, so if the act was purposeful, and extremely negligent, the fines can be a lot more.


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