Industry Notes
Published on Fri Apr 02, 2010
• Home care providers may benefit from a lawsuit filed by physician groups over the Red Flags Rule regulations. The American Medical Association,American Osteopathic Association, and Medical Society of the District of Columbia filed a lawsuit May 21 in D.C. federal court seeking to prevent the Federal Trade Commission from extending identity theft regulations to physicians. "The medical societies charge that the FTC's rule exceeds the powers delegated to it by Congress and that its application to physicians is 'arbitrary, capricious and contrary to the law,'" they say in a release. "This unjustified federal regulation of medicine treats physician practices like banks, credit card companies and mortgage lenders," said AMA President-elect Cecil Wilson. "The extensive bureaucratic burden of complying with the red flags rule outweighs any benefit to the public." "The final red flags rule provided no indication from the FTC that physicians fell within the definition of creditor," said [...]
