Banks and Medical Privacy
October 20, 2003
In an October 20, 2003 editorial, the Health Privacy Project opposed any changes to the new medical privacy regulation that would give a green light to banks and other financial institutions to access sensitive, personal medical information. HPP argued that the current medical privacy rule prohibits financial institutions from accessing health information for data mining purposes. Protected health information should be encrypted in a way that it is accessible only to the intended recipient provider or health plan. Access to protected health information would allow banks to use that information for marketing, or even for making credit decisions.