What is one approach under the Privacy Rule for protecting health information?

One approach under the Privacy Rule for protecting health information is the rights of individual patients to control their own health information. This principle is central to the Privacy Rule established by the Health Insurance Portability and Accountability Act (HIPAA). It empowers patients by granting them the ability to access their medical records, request corrections, and provide or revoke consent regarding the sharing of their health information. This control is crucial as it promotes patient autonomy and ensures that individuals have a say in who can view or use their health data, thereby enhancing the overall security and privacy of health information.

The other options focus on broader measures or mechanisms that do not emphasize individual control. While monitoring healthcare transactions and enforcing penalties for breaches can help protect health information, they do not address the fundamental right of patients to manage their own data. Restricting access to medical records certainly contributes to privacy, but again, it does not encapsulate the individual rights aspect that is pivotal under the Privacy Rule. Thus, the focus on patient control is the most appropriate approach as it aligns directly with the Privacy Rule's intentions.