were each moving to session highs in intraday trading Friday. Shares of hospitals HCA Healthcare, Tenet Healthcare and Community Health Systems were also higher.
The XLV, an ETF that tracks the health-care industry's biggest companies, was more than 1% higher.
The federal rule, set to be enacted in 2021, is expected to face legal challenges. It will require hospitals to post their standard charges for services, including the negotiated rates with insurers and the discounted price a hospital would accept directly from a patient paid in cash, among other measures.
Hospital and insurance groups quickly criticized Trump's plan, saying it was the wrong approach and it would do little to bring down health-care costs for consumers. Trump's plan comes as health care remains a top issue for voters ahead of the 2020 presidential election. Trump and Congress are also trying to pass legislation before the end of the year that would bring more transparency to health-care costs and, ultimately, lower costs for consumers.
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