Trump Administration Moves to Oust Arbitrators as Doctor Payouts Soar
Published . Updated .
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The two companies settled billing disputes between doctors and insurers, keeping patients out of the middle. One let doctors win 96 percent of the time.
Directly affected
- No company is named in this report.
Indirectly affected
- XLF Financial Select Sector SPDR-1.6% 30d
Financial Select Sector SPDR: it holds insurers. Linked by “insurer” (insurers) in this story.
- CB Chubb+7.3% 30d
Chubb (fire, marine and casualty insurance): insurers pay claims and price policies around events like this. Linked by “insurer” (insurers) in this story.
- TRV The Travelers Companies+4.3% 30d
The Travelers Companies (fire, marine and casualty insurance): insurers pay claims and price policies around events like this. Linked by “insurer” (insurers) in this story.
- AIG American International Group+6.5% 30d
American International Group (fire, marine and casualty insurance): insurers pay claims and price policies around events like this. Linked by “insurer” (insurers) in this story.
- BRK-B Berkshire Hathaway
Berkshire Hathaway (fire, marine and casualty insurance): insurers pay claims and price policies around events like this. Linked by “insurer” (insurers) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| XLF | -3.78% | -2.75% | base | after close | after close | after close | after close |
| CB | -3.19% | -1.39% | base | after close | after close | after close | after close |
| TRV | -2.69% | -2.54% | base | after close | after close | after close | after close |
| AIG | -0.32% | +0.87% | base | after close | after close | after close | after close |
| BRK-BNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
The two companies settled billing disputes between doctors and insurers, keeping patients out of the middle. One let doctors win 96 percent of the time.
Source: The New York Times
This story
| Company | When | Move | Status |
|---|---|---|---|
| AIG | three days earlier | +0.87% | final price |
| AIG | five days earlier | -0.32% | final price |
| CB | three days earlier | -1.39% | final price |
| CB | five days earlier | -3.19% | final price |
| TRV | three days earlier | -2.54% | final price |
| TRV | five days earlier | -2.69% | final price |
| XLF | three days earlier | -2.75% | final price |
| XLF | five days earlier | -3.78% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Maria Elvira Salazar sold Chubb (CB), worth $1,001 - $15,000 on 24 Sep 2026. That is 41 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chubb (CB) (jointly held), worth $1,001 - $15,000 on 23 Sep 2026. That is 42 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Chubb (CB) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 61 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold American International Group (AIG), worth $15,001 - $50,000 on 28 Aug 2026. That is 68 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
This story
12 out of 100
“Trump Administration Moves to Oust Arbitrators as Doctor Payouts Soar” scores 12 out of 100. The score uses 1 sources.