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Filed under: Health Law & Policy, Surveys and Voting | Tagged: Modern Healthcare, red flag rules |
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 
Physicians Should Not Fall Under “Red Flags” Rule: FTC Chair
Physicians should not be required to follow the so-called red flags rule that requires anyone offering credit to develop and implement written identity theft prevention and detection programs. That’s the word from the head of the Federal Trade Commission — the organization that first declared physicians must submit to the rule.
“We feel your pain on red flags, and we want to fix it,” Federal Trade Commission Chair Jon Leibowitz said at the American Medical Association Annual Meeting. “We agree with you that the red flags rule reaches too far.”
Leibowitz said the rule will not be enforced on members of the AMA, the American Osteopathic Assn., state medical societies, and the Medical Society of the District of Columbia while one of at least two lawsuits on the red flags rule works its way through the court system.
Source: Victoria Stagg Elliott, AMNews [6/28/10}
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House Approves “Red Flag” Rules Exemption for Doctors
The U.S. House of Representatives passed “red flag” legislation previously approved by the Senate that makes doctors exempt from the anti-identity theft requirements and safeguards, which banks and other creditors must follow.
“Currently, the Federal Trade Commission has broadly defined creditors to include physicians and other professionals like dentists and lawyers under the red flags rule,” said American Medical Association President Cecil Wilson in a news release. “The AMA is pleased that this legislation supports AMA’s long-standing argument to the FTC that physicians are not creditors. This bill will help eliminate the current confusion about the rule’s application to physicians.”
Source: Andis Robeznieks, Modern Healthcare [12/7/10]
More info: http://www.medscape.com/viewarticle/733785
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