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
Quarter growth data thursday and after 2 consecutive negative growth quarters it is expected that germany is technically in a recession the Biggest Issue for the country is industrial output which actually fell more than expected in september dropping 0. 6 percent on the month pointing to ongoing weakness manufacturers which are reliant on exports have also suffered from a slowing World Economy and uncertainty linked to trade and to braggs it and while there have been hopes for a turnaround that hope is fading fast as germanys industry is contract ing due to shifting Consumer Trends shrinking investment spend and souring sentiment despite the slight uptick in september Industrial Orders the reality is structural flaws in the industrial sector will hold back in the recovery the reality is this germany is currently struggling with a rapidly aging population which constricts the skilled workers market keeping productivity growth weak a strong rebound will be unlikely a skilled workers fra
Operating with the highest cost in the eurozone with a combined return on equity in the 2nd quarter of 0 that low profitability is a huge risk to the Financial Stability of the local economy as it hampers the build up of equity further stimulus thats also unlikely to be meaningful in a country committed to running a balanced budget well meanwhile wall streets rally which has been rory nover expectations of a u. S. China trade deal has stalled after the Dow Jones Industrial average the s. And p. 500. 00 and the nasdaq all finished at record highs on friday stock futures for all 3 are now lower in fact all 3 major u. S. Stocks indices posted highs and the s. And p. 500 registered a 5th straight week of gains on friday but what seems to be slowing things down christine mentioned it just a minute ago concerns about china pushing for additional tariffs to be removed by the trumpet ministration joins us now to discuss this and other market stories is the c. E. O. Of Euro Pacific Capital Pete