Which of the following best describes the purpose of the Privacy Rule?

The purpose of the Privacy Rule is to establish standards for the protection of Protected Health Information (PHI). This regulation was implemented under the Health Insurance Portability and Accountability Act (HIPAA) to safeguard individuals' medical records and personal health information from unauthorized access and disclosure. The Privacy Rule outlines the rights of individuals regarding their health information, including the ability to access their records and request corrections. It also sets limits on the use and disclosure of PHI without patient consent, ensuring that sensitive information is handled with care and respect for patient privacy.

This focus on the protection of PHI is fundamental to maintaining trust between patients and healthcare providers, as it underlines the importance of confidentiality in the healthcare context. Other options do not capture the primary intent of the Privacy Rule, as they address different aspects of healthcare and regulation that do not pertain specifically to the protection of personal health information.