Final answer:
The regulation that outlines medical security and privacy rules and is concerned with safeguarding electronic health data among providers, payers, and plans is the Health Insurance Portability and Accountability Act (HIPAA).
Step-by-step explanation:
The U.S. government has implemented various regulations to protect the security and privacy of electronic data, including medical information. One such act is the Health Insurance Portability and Accountability Act (HIPAA), enacted in 1996.
HIPAA outlines medical security and privacy rules and procedures, aiming to simplify the administration of health care billing and automate the transfer of health care data among health care providers, payers, and plans.
It sets standards for the protection of patient information, requiring entities that handle health information to maintain strict confidentiality of patient records.
Under HIPAA, medical offices must adhere to a standard for electronic data exchange and ensure that patient data is safeguarded from unauthorized access or breaches, which fits the description provided in your question.