HIPAA as a means to profit?

Niko Karvounis expounds on Jay Parkinson’s HIPAA rant:

So if they’re not enforced, what is the point of HIPAA’s privacy stipulations? Parkinson and others have an idea: the creation of new market opportunities for potential profiteers. Instituting PHI measures makes compliance a huge problem (at least on paper) in need of new solutions””i.e. new technologies, consultation, and contracts . . .

. . . It’s clear that the scope of HIPAA has not been thought out””it’s more of a sketchy principle than an actual policy. But is this vagueness due to the greed of those who wanted to give birth to a compliance industry, or to a lack of foresight?

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