The news with Rick Sanchez Rick sanchez who is also the founder of a managed care company in south florida that that was recently listed as the Fastest Growing Health Care Company in america by magazine and were also joined from new york by global regulatory attorney Myles Edwards we kick up the conversation by asking mr edwards how this is compliant with hipaa laws. Which does fit in the hip are laws and whats really interesting about this situation is the u. S. Government is investigating them but its a health and Human Services Civil Rights Division which is investigating them specifically to determine whether this information will be used to make insurance determinations that is when you apply for an insurance policy will something that occurred in your background influenced that decision though in my opinion what youre building is what i call a life style index which is where they take your medical records and integrate it with all the other. Information google has ever collected
To follow up with what we know to rebut the big question has to be whether or not consent plays a role here exactly so right thats the other big issue here and thats the other issue of a company like a google having access to so many records and connected social Media Health Care history fitness all of these patients so are we looking at a potential future where Insurance Companies can access and these data and analytics and determine whether or not people can get coverage or deny claims well lets try and make this a simple as we can for everybody whos trying to understand what is incumbent upon us as a doctor or a provider when it comes to medical records thats the data that we collect from the patients yes doctors or doctors offices are allowed to share certain data but according to the 1996 law which established how that information is shared it has to be for a medical function in other words christie you go to see your doctor she gives you. A referral to see another doctor and then
Laws and whats really interesting about the situation is the u. S. Government is investigating them but its a health and Human Services Civil Rights Division which is investigating them specifically to determine whether this information will be used to make insurance to terminations that is when you apply for an insurance policy will something that occurred in your background influence that decision though in my opinion what youre building is what i call a life style index which is where they take your medical records and integrate it with all the other information google has ever collected upon you and determine whether youre a good Insurance Risk or not which is really going beyond what that information was meant for so not only is there a civil rights component to it but theres also a question of did it violate hipaa i say yes no one knew about this situation this project nightingale. Well until a whistle blower within the project basically went ahead and dumped this information on
Been Holding Interest rates at abnormally low rates right this is nuts it only encourages it increases this behavior absolutely this is kind of what drove everybody to borrow more because debt is cheap why not take on more debt and thats actual thats must been happening corporates have now been issuing junk bonds at record levels record levels and they are deeply Indebted Companies that d are actually using debt to pay off equities so theyre kind of just like borrowing money just to prop of your own share values and thats been working because youve seen the Massive Equity rise and as you pointed out well all time highs right now we only have like 15 seconds when i ask you about this real quick Federal Reserve just injected another 104 1000000000. 00 into markets overnight again on thursday and ran over night into friday the Federal Reserve is just a huge part of this right continuing to dump cheap money at lowest Interest Rates and its not good for the economy unless were not only that
Been Holding Interest rates at abnormally low rates right this is nuts it only encourages it increases this behavior absolutely this is kind of what drove everybody to borrow more because debt is cheap why not take on more debt and thats actually thats whats been happening corporates have now been issuing junk bonds at record levels record levels and they are deeply Indebted Companies that d are actually using debt to pay off equities so theyre kind of just like borrowing money just to prop of your own share values and thats been working because youve seen the Massive Equity rise and as you pointed out well all time highs right now we only have like 15 seconds when i ask you about this real quick Federal Reserve just injected another 104000000000 dollars into markets overnight again on thursday and ran over night into friday the Federal Reserve is just a huge part of this right continuing to dump cheap money at lowest Interest Rates and its not good for the economy unless were not only