<p>美国最大的健康保险公司联合健康集团的股票经历了一段相对波动的旅程。在四月达到峰值后，股价下跌了超过一半。</p>
<p>联合健康集团的股票在今年早些时候大幅下跌，因为公司降低并暂停了其前瞻性的盈利预测。在七月公布第二季度业绩时，公司重新确立了其前景，这导致股价在八月飙升。</p>
<p>尽管最近几个月表现强劲，联合健康集团的股价仍然约低于四月创下的峰值 40%。投资者在期待管理层在 10 月 28 日公布第三季度业绩时是否会有更多好消息。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzI2OTUvc21hcnQtaW52ZXN0b3Itd2l0aC13YWxsLXN0cmVldC1qb3VybmFsLXBpY2tpbmctc3RvY2tzLXRvLWJ1eS5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzI2OTUvc21hcnQtaW52ZXN0b3Itd2l0aC13YWxsLXN0cmVldC1qb3VybmFsLXBpY2tpbmctc3RvY2tzLXRvLWJ1eS5qcGcmdz03MDA"/></p>
<p>图片来源：Getty Images。</p>
<h2>联合健康集团可以提高保费</h2>
<p>自从《平价医疗法案》实施以来，美国保险公司通常被要求将至少 85% 的保费支出用于医疗费用。这意味着利润空间相对紧张，在预测盈利时几乎没有出错的余地。</p>
<p>由于超出预期的利用率，导致公司最终将其 2025 年每股盈利预期的下限从四月发布的 24.65 美元下调至七月公布第二季度业绩时的 14.65 美元。虽然成本削减措施可能会促使管理层在 10 月 28 日提高其 2025 年预期，但由于其长期潜力，这看起来是一只值得购买的好股票。</p>
<p>在医疗保健方面，美国人很少有机会寻找更好的交易。许多人被锁定在雇主选择的健康计划中，而雇主的选择有限。联合健康集团明年大幅提高保费以弥补更高医疗费用的可能性极小。</p>
<p>对于那些觉得保险保费过高的人来说，缺乏选择意味着到 2027 年底公司底线恢复增长的机会很大。现在购买并长期持有的耐心投资者可能会获得丰厚的回报。</p>

联合健康

<p>联合健康的股票经历了显著的波动，今年早些时候由于下调盈利预测，股价下跌超过 50%。然而，该公司在 7 月份重新确立了其前景，导致股价飙升。目前股价较 4 月份的高峰下跌 40%，投资者对即将于 10 月 28 日发布的第三季度业绩可能带来的积极消息持乐观态度。该公司可能会提高保费以抵消更高的医疗费用，这表明对耐心投资者而言，长期增长潜力强劲</p>

<p>Shares of America's largest health insurer, UnitedHealth Group, have been on a relatively wild ride. After hitting a peak in April, the stock fell by more than half.</p>
<div class="lb-trans"><p>美国最大的健康保险公司联合健康集团的股票经历了一段相对波动的旅程。在四月达到峰值后，股价下跌了超过一半。</p>
</div><p>Shares of UnitedHealth Group tanked earlier this year because the company reduced, then suspended its forward-looking earnings forecast. The company re-established its outlook when it reported second-quarter results in July, which caused the stock to soar in August.</p>
<div class="lb-trans"><p>联合健康集团的股票在今年早些时候大幅下跌，因为公司降低并暂停了其前瞻性的盈利预测。在七月公布第二季度业绩时，公司重新确立了其前景，这导致股价在八月飙升。</p>
</div><p>Despite a strong performance in recent months, UnitedHealth Group has been trading about 40% below the peak it set in April. Investors are wondering if there could be more good news when management reports third-quarter results on Oct. 28.</p>
<div class="lb-trans"><p>尽管最近几个月表现强劲，联合健康集团的股价仍然约低于四月创下的峰值 40%。投资者在期待管理层在 10 月 28 日公布第三季度业绩时是否会有更多好消息。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzI2OTUvc21hcnQtaW52ZXN0b3Itd2l0aC13YWxsLXN0cmVldC1qb3VybmFsLXBpY2tpbmctc3RvY2tzLXRvLWJ1eS5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F832695%2Fsmart-investor-with-wall-street-journal-picking-stocks-to-buy.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>UnitedHealth Group can raise premiums</h2>
<div class="lb-trans"><h2>联合健康集团可以提高保费</h2>
</div><p>Ever since the Affordable Care Act was put in place, American insurers have been generally required to spend at least 85% of premiums collected on medical expenses. This means margins are relatively tight and there isn't much room for error when predicting earnings.</p>
<div class="lb-trans"><p>自从《平价医疗法案》实施以来，美国保险公司通常被要求将至少 85% 的保费支出用于医疗费用。这意味着利润空间相对紧张，在预测盈利时几乎没有出错的余地。</p>
</div><p>A larger-than-expected utilization rate caused the company to ultimately drop the lower end of its 2025 earnings outlook from $24.65 per share, issued in April, down to $14.65 per share when it reported second-quarter results in July. While there's a chance that cost-cutting measures could lead management to boost its 2025 outlook on Oct. 28, this looks like a good stock to buy because of its longer-term potential.</p>
<div class="lb-trans"><p>由于超出预期的利用率，导致公司最终将其 2025 年每股盈利预期的下限从四月发布的 24.65 美元下调至七月公布第二季度业绩时的 14.65 美元。虽然成本削减措施可能会促使管理层在 10 月 28 日提高其 2025 年预期，但由于其长期潜力，这看起来是一只值得购买的好股票。</p>
</div><p>Americans rarely get to shop around for better deals when it comes to healthcare. Many are locked into whatever health plan their employers select, and employers have limited options. It's highly unlikely that UnitedHealth Group will be the only insurer that aggressively raises premiums next year to compensate for higher medical expenses.</p>
<div class="lb-trans"><p>在医疗保健方面，美国人很少有机会寻找更好的交易。许多人被锁定在雇主选择的健康计划中，而雇主的选择有限。联合健康集团明年大幅提高保费以弥补更高医疗费用的可能性极小。</p>
</div><p>A lack of options for folks who find insurance premiums too pricey means there's a great chance the company's bottom line returns to growth by the end of 2027. Patient investors who buy now and hold through the long run could come out miles ahead.</p>
<div class="lb-trans"><p>对于那些觉得保险保费过高的人来说，缺乏选择意味着到 2027 年底公司底线恢复增长的机会很大。现在购买并长期持有的耐心投资者可能会获得丰厚的回报。</p>
</div>

在 10 月 28 日之前购买联合健康股票的一个理由