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The Health Insurance Portability and Accountability Act (HIPAA) protects your rights to continue your family health insurance from job to job. It also limits exclusions for preexisting conditions. According to a recent article by honolulu.injuryboard.com, the Mayo Clinic and Microsoft are combining efforts to provide a service that President Obama says we need to save money in our health insurance industry.

Microsoft and the Mayo Clinic have teamed efforts to set up something they call the HealthVault. They allow health professionals to store information about a person's medical condition. This new HealthVault system allows people to transfer information to a new clinic, hospital or specialist. Anyone can sign up for an account.

But there is a catch: does a patient lose their privacy guaranteed under HIPAA? Can an insurance company gain easy access to private health information? Only time will tell. One thing is certain: our outdated record-keeping system needs to be repaired to save us all money.