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back in 1996 did president bill clinton know the profound impact signing the health insurance portability and accountability act also known as hipaa into law would have on healthcare organizations and their business partners although he didnt foresee so many people misspelling the acronym he did want to protect the privacy of americans but what prompted this law to happen in the first place the former president also highlighted instances of corporations invading american citizens medical privacy for their gain one instance he cited was a survey of fortune 500 companies that found that one-third of them factored medical history in who they hired now that happened today any organization that did that would face a massive fine specifically the corporation would face serious legal action against them both from the department of health and human services and their interviewee that they looked into the medical record history of patient record privacy confidentiality and security has only go