On Friday, the FTC issued a notice indicating that the Red Flags Rule would not be enforced until January 1, 2011. Over the past few months Congress has been debating whether this regulation should apply to healthcare providers. The AMA has also filed a lawsuit against the FTC because they believe that the FTC has overstepped its bounds by attempting to apply this regulation to healthcare providers. In the next few months I believe we will see a bill passed which would exempt healthcare providers from this regulation.
For more information on the Red Flags Rule visit: www.acatoday.org/redflags. Read the FTC’s release here.