What does HIPAA stand for in the context of health insurance and consumer privacy?

• A. Health Insurance Protocol and Accountability Act
• B. Health Information Privacy and Accountability Act
• C. Health Insurance Portability and Accountability Act
• D. Healthcare Information Privacy and Accountability Act

Answer: (C)

The term HIPAA stands for the Health Insurance Portability and Accountability Act. This landmark legislation was enacted in 1996 to enhance the privacy and security of health information, as well as to promote the portability of health insurance for individuals. The key components of HIPAA include the establishment of national standards for electronic healthcare transactions and requiring the protection of patient health information.

The focus on "Portability" in the name reflects one of the primary objectives of the Act: to ensure that individuals can maintain their health insurance coverage when they change or lose their jobs. This aspect is crucial for consumers, as it provides a safeguard against losing health insurance due to changes in employment status.

Moreover, the inclusion of "Accountability" underscores the responsibility of healthcare providers and insurers to maintain the confidentiality of health information and adhere to regulations designed to protect patient privacy. Overall, the correct answer captures both the intent and the provisions of the legislation, essential for understanding its impact on health insurance and consumer privacy.