Making America Healthy Again by Empowering Patients With Clear, Accurate, and Actionable Healthcare Pricing Information

Executive orderRegulation tightenedSigned 25/02/25Federal Register 25/02/28Executive Order 14221Open the original

Summary

President Trump orders rigorous enforcement and strengthening of the first-term rules requiring hospitals and health plans to disclose prices, under which hospitals display prices for up to 300 shoppable services and publish negotiated rates for every service.

By industry

Healthcare & Drug Pricing1 trading day+2.0%p15 stocks5 trading days+4.9%p15 stocks20 trading days+8.0%p15 stocks
“requiring hospitals and health plans to deliver meaningful price information to the American people”

Day by day after the announcement

Healthcare & Drug Pricing stocks and the S&P 500 after the announcement, cumulative %
Day	Healthcare & Drug Pricing stocks	S&P 500
25/02/24	0.0%	0.0%
25/02/25	+1.7%	−0.3%
25/02/26	+0.4%	−0.3%
25/02/27	+0.8%	−2.0%
25/02/28	+2.5%	−0.6%
25/03/03	+2.8%	−2.0%
25/03/04	+2.0%	−2.8%
25/03/05	+2.8%	−2.4%
25/03/06	+3.3%	−3.8%
25/03/07	+4.0%	−3.7%
25/03/10	+4.2%	−6.6%
25/03/11	+3.2%	−6.8%
25/03/12	+1.9%	−6.5%
25/03/13	+2.1%	−7.3%
25/03/14	+2.4%	−5.9%
25/03/17	+3.7%	−5.1%
25/03/18	+4.1%	−6.1%
25/03/19	+4.0%	−4.9%
25/03/20	+4.4%	−5.3%
25/03/21	+3.9%	−5.5%
25/03/24	+4.2%	−3.9%

Korean stocks in these industries

Samsung Biologics 207940
Celltrion 068270
SK Biopharmaceuticals 326030

Trades in these industries around the announcement

Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.

Douglas M. Baker Jr.Director
BuyMerck
Buy
Merck
MRK
$1.3M
15,000 sh
$1.3M
Filed 25/02/07
Traded 25/02/05
Ronald E. BlaylockDirector
BuyPfizer
Buy
Pfizer
PFE
$499.1K
19,457 sh
$499.1K
Filed 25/02/14
Traded 25/02/13
Lilly Endowment10% Owner
SellELI Lilly
Sell
ELI Lilly
LLY
$1.6B
1,818 sh
$1.6B
Filed 25/02/25
Traded 25/02/24
Inge G. ThulinDirector
BuyMerck
Buy
Merck
MRK
$250K
2,832.86 sh
$250K
Filed 25/02/07
Traded 25/02/06
Lilly Endowment10% Owner
SellELI Lilly
Sell
ELI Lilly
LLY
$63.5M
68,251 sh
$63.5M
Filed 25/03/04
Traded 25/03/03
Michael F. MahoneyDirector
BuyCVS Health
Buy
CVS Health
CVS
$2M
30,000 sh
$2M
Filed 25/02/19
Traded 25/02/18
Lilly Endowment10% Owner
SellELI Lilly
Sell
ELI Lilly
LLY
$45.2M
50,118 sh
$45.2M
Filed 25/02/26
Traded 25/02/25
Lilly Endowment10% Owner
SellELI Lilly
Sell
ELI Lilly
LLY
$43.2M
47,905 sh
$43.2M
Filed 25/02/26
Traded 25/02/25
Christopher S. BoernerCEO
BuyBristol Myers Squibb
Buy
Bristol Myers Squibb
BMY
$110.1K
2,000 sh
$110.1K
Filed 25/02/21
Traded 25/02/20
Lilly Endowment10% Owner
SellELI Lilly
Sell
ELI Lilly
LLY
$32.7M
36,219 sh
$32.7M
Filed 25/02/26
Traded 25/02/25
Lilly Endowment10% Owner
SellELI Lilly
Sell
ELI Lilly
LLY
$32M
35,578 sh
$32M
Filed 25/02/26
Traded 25/02/25
Lilly Endowment10% Owner
SellELI Lilly
Sell
ELI Lilly
LLY
$25M
28,727 sh
$25M
Filed 25/02/07
Traded 25/02/06
Lilly Endowment10% Owner
SellELI Lilly
Sell
ELI Lilly
LLY
$24.1M
25,984 sh
$24.1M
Filed 25/03/04
Traded 25/03/03
Lilly Endowment10% Owner
SellELI Lilly
Sell
ELI Lilly
LLY
$23.3M
25,057 sh
$23.3M
Filed 25/03/04
Traded 25/03/03
Lilly Endowment10% Owner
SellELI Lilly
Sell
ELI Lilly
LLY
$20.3M
23,371 sh
$20.3M
Filed 25/02/07
Traded 25/02/06
Lilly Endowment10% Owner
SellELI Lilly
Sell
ELI Lilly
LLY
$19.5M
21,025 sh
$19.5M
Filed 25/03/04
Traded 25/03/03
Lilly Endowment10% Owner
SellELI Lilly
Sell
ELI Lilly
LLY
$18M
20,542 sh
$18M
Filed 25/02/24
Traded 25/02/21
Lilly Endowment10% Owner
SellELI Lilly
Sell
ELI Lilly
LLY
$17.4M
18,828 sh
$17.4M
Filed 25/03/04
Traded 25/03/03
Lilly Endowment10% Owner
SellELI Lilly
Sell
ELI Lilly
LLY
$17.1M
19,490 sh
$17.1M
Filed 25/02/24
Traded 25/02/21
Lilly Endowment10% Owner
SellELI Lilly
Sell
ELI Lilly
LLY
$16.5M
18,918 sh
$16.5M
Filed 25/02/07
Traded 25/02/06