<p>美國最大的健康保險公司聯合健康集團的股票經歷了一段相對波動的旅程。在四月達到峯值後，股價下跌了超過一半。</p>
<p>聯合健康集團的股票在今年早些時候大幅下跌，因為公司降低並暫停了其前瞻性的盈利預測。在七月公佈第二季度業績時，公司重新確立了其前景，這導致股價在八月飆升。</p>
<p>儘管最近幾個月表現強勁，聯合健康集團的股價仍然約低於四月創下的峯值 40%。投資者在期待管理層在 10 月 28 日公佈第三季度業績時是否會有更多好消息。</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>圖片來源：Getty Images。</p>
<h2>聯合健康集團可以提高保費</h2>
<p>自從《平價醫療法案》實施以來，美國保險公司通常被要求將至少 85% 的保費支出用於醫療費用。這意味着利潤空間相對緊張，在預測盈利時幾乎沒有出錯的餘地。</p>
<p>由於超出預期的利用率，導致公司最終將其 2025 年每股盈利預期的下限從四月發佈的 24.65 美元下調至七月公佈第二季度業績時的 14.65 美元。雖然成本削減措施可能會促使管理層在 10 月 28 日提高其 2025 年預期，但由於其長期潛力，這看起來是一隻值得購買的好股票。</p>
<p>在醫療保健方面，美國人很少有機會尋找更好的交易。許多人被鎖定在僱主選擇的健康計劃中，而僱主的選擇有限。聯合健康集團明年大幅提高保費以彌補更高醫療費用的可能性極小。</p>
<p>對於那些覺得保險保費過高的人來説，缺乏選擇意味着到 2027 年底公司底線恢復增長的機會很大。現在購買並長期持有的耐心投資者可能會獲得豐厚的回報。</p>

聯合健康

<p>聯合健康的股票經歷了顯著的波動，今年早些時候由於下調盈利預測，股價下跌超過 50%。然而，該公司在 7 月份重新確立了其前景，導致股價飆升。目前股價較 4 月份的高峰下跌 40%，投資者對即將於 10 月 28 日發佈的第三季度業績可能帶來的積極消息持樂觀態度。該公司可能會提高保費以抵消更高的醫療費用，這表明對耐心投資者而言，長期增長潛力強勁</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>美國最大的健康保險公司聯合健康集團的股票經歷了一段相對波動的旅程。在四月達到峯值後，股價下跌了超過一半。</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>聯合健康集團的股票在今年早些時候大幅下跌，因為公司降低並暫停了其前瞻性的盈利預測。在七月公佈第二季度業績時，公司重新確立了其前景，這導致股價在八月飆升。</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>儘管最近幾個月表現強勁，聯合健康集團的股價仍然約低於四月創下的峯值 40%。投資者在期待管理層在 10 月 28 日公佈第三季度業績時是否會有更多好消息。</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>圖片來源：Getty Images。</p>
</div><h2>UnitedHealth Group can raise premiums</h2>
<div class="lb-trans"><h2>聯合健康集團可以提高保費</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>自從《平價醫療法案》實施以來，美國保險公司通常被要求將至少 85% 的保費支出用於醫療費用。這意味着利潤空間相對緊張，在預測盈利時幾乎沒有出錯的餘地。</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>由於超出預期的利用率，導致公司最終將其 2025 年每股盈利預期的下限從四月發佈的 24.65 美元下調至七月公佈第二季度業績時的 14.65 美元。雖然成本削減措施可能會促使管理層在 10 月 28 日提高其 2025 年預期，但由於其長期潛力，這看起來是一隻值得購買的好股票。</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>在醫療保健方面，美國人很少有機會尋找更好的交易。許多人被鎖定在僱主選擇的健康計劃中，而僱主的選擇有限。聯合健康集團明年大幅提高保費以彌補更高醫療費用的可能性極小。</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>對於那些覺得保險保費過高的人來説，缺乏選擇意味着到 2027 年底公司底線恢復增長的機會很大。現在購買並長期持有的耐心投資者可能會獲得豐厚的回報。</p>
</div>

在 10 月 28 日之前購買聯合健康股票的一個理由