The rule is part of the cybersecurity strategy that the Biden administration announced last year. Once finalized, it would update the Security Rule of the Health Insurance Portability and Accountability Act of 1996 (HIPAA), which regulates doctors, nursing homes, health insurance companies, and more, and was last updated in 2013.
US deputy national security advisor Anne Neuberger put the cost of implementing the requirements at “an estimated $9 billion in the first year, and $6 billion in years two through five,” writes Reuters. The proposal is due to be published in the Federal Register on January 6th, which will kick off the 60-day public comment period before the final rule is set.
Published: 2024-12-28T13:34:10