{"id":592201,"date":"2025-09-09T19:56:42","date_gmt":"2025-09-10T02:56:42","guid":{"rendered":"https:\/\/nai500.com\/blog\/2025\/09\/after-a-47-plunge-is-unitedhealths-moat-still-effective\/"},"modified":"2025-09-09T19:57:00","modified_gmt":"2025-09-10T02:57:00","slug":"%e6%9a%b4%e8%b7%8c-47-%e5%90%8e%e8%81%94%e5%90%88%e5%81%a5%e5%ba%b7%e7%9a%84%e6%8a%a4%e5%9f%8e%e6%b2%b3%e8%bf%98%e7%ae%a1%e7%94%a8%e5%90%97","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2025\/09\/%e6%9a%b4%e8%b7%8c-47-%e5%90%8e%e8%81%94%e5%90%88%e5%81%a5%e5%ba%b7%e7%9a%84%e6%8a%a4%e5%9f%8e%e6%b2%b3%e8%bf%98%e7%ae%a1%e7%94%a8%e5%90%97\/","title":{"rendered":"\u66b4\u8dcc47%\u540e\uff0c\u8054\u5408\u5065\u5eb7\u7684\u201c\u62a4\u57ce\u6cb3\u201d\u8fd8\u7ba1\u7528\u5417\uff1f"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">\u5bf9\u4e8e\u8010\u5fc3\u7684\u6295\u8d44\u8005\u800c\u8a00\uff0c<a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=unh\"><span class=\"s2\">\u8054\u5408\u5065\u5eb7\u96c6\u56e2\uff08UNH\uff09<\/span><\/a>\u5f53\u524d\u6216\u8bb8\u6b63\u91ca\u653e\u51fa\u5de8\u5927\u7684\u6295\u8d44\u4ef7\u503c\u3002\u80fd\u591f\u6d1e\u5bdf\u4f01\u4e1a\u957f\u671f\u6f5c\u529b\u3001\u4e0d\u56e0\u77ed\u671f\u56f0\u5883\u800c\u9000\u7f29\uff0c\u575a\u6301\u957f\u671f\u6301\u6709\u7684\u6295\u8d44\u8005\uff0c\u5f80\u5f80\u6709\u671b\u83b7\u5f97\u4e30\u539a\u56de\u62a5\u3002\u4f5c\u4e3a\u5065\u5eb7\u4fdd\u9669\u884c\u4e1a\u7684\u9886\u519b\u4f01\u4e1a\uff0c\u8054\u5408\u5065\u5eb7\u8fd1\u671f\u867d\u9762\u4e34\u4e00\u7cfb\u5217\u6311\u6218\uff0c\u5305\u62ec\u8054\u90a6\u8c03\u67e5\u548c\u4e1a\u7ee9\u4e0d\u53ca\u9884\u671f\uff0c\u5bfc\u81f4\u80a1\u4ef7\u5728\u8fc7\u53bb\u6570\u6708\u5185\u5927\u5e45\u56de\u8c03\uff0c\u4f46\u5176\u57fa\u672c\u76d8\u548c\u957f\u671f\u7ade\u4e89\u529b\u4ecd\u503c\u5f97\u5173\u6ce8\u3002<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u6839\u636e\u8054\u5408\u5065\u5eb7\u53d1\u5e03\u7684\u521d\u6b65\u6570\u636e\uff0c\u57282027\u4ed8\u6b3e\u5e74\u5ea6\uff0c\u7ea678%\u7684\u4f1a\u5458\u6709\u671b\u52a0\u5165\u8bc4\u7ea7\u4e3a\u56db\u661f\u53ca\u4ee5\u4e0a\u7684\u533b\u7597\u4fdd\u9669\u4f18\u52bf\uff08MA\uff09\u8ba1\u5212\u3002\u4f9d\u7167\u7f8e\u56fd\u533b\u7597\u4fdd\u9669\u548c\u533b\u7597\u8865\u52a9\u670d\u52a1\u4e2d\u5fc3\uff08CMS\uff09\u7684\u661f\u7ea7\u8bc4\u5b9a\u4f53\u7cfb\uff0c\u66f4\u9ad8\u8bc4\u7ea7\u610f\u5473\u7740\u66f4\u4e30\u539a\u7684\u5e74\u5ea6\u5956\u91d1\uff0c\u8fd9\u4e3a\u516c\u53f8\u7684\u8d22\u52a1\u524d\u666f\u63d0\u4f9b\u4e86\u652f\u6491\u3002\u5c3d\u7ba1\u76f8\u5173\u6570\u636e\u4ecd\u5c5e\u521d\u6b65\u9636\u6bb5\u3001\u6709\u5f85\u8fdb\u4e00\u6b65\u9a8c\u8bc1\uff0c\u4f46\u8fd9\u4e00\u4f30\u7b97\u4e0e\u516c\u53f8\u5386\u53f2\u8868\u73b0\u548c\u65e2\u5f80\u9884\u6d4b\u57fa\u672c\u4e00\u81f4\u3002\u6b64\u5916\uff0c\u8054\u5408\u5065\u5eb7\u5df2\u660e\u786e\u7ef4\u6301\u5176\u5bf92025\u5e74\u8c03\u6574\u540e\u6bcf\u80a1\u6536\u76ca\u7684\u9884\u671f\uff0c\u663e\u793a\u51fa\u7ba1\u7406\u5c42\u5728\u5f53\u524d\u73af\u5883\u4e0b\u7684\u4fe1\u5fc3\u3002<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u8be5\u516c\u53f8\u62e5\u6709\u575a\u56fa\u7684\u7ade\u4e89\u62a4\u57ce\u6cb3\u3002\u5176\u4e1a\u52a1\u6db5\u76d6\u8054\u5408\u5065\u5eb7\u4fdd\u9669\uff08UnitedHealthcare\uff09\u548c\u63d0\u4f9b\u836f\u623f\u7ba1\u7406\u7b49\u670d\u52a1\u7684Optum\u5b50\u516c\u53f8\uff0c\u6784\u5efa\u8d77\u4e00\u4e2a\u5e9e\u5927\u800c\u534f\u540c\u7684\u533b\u7597\u670d\u52a1\u751f\u6001\u3002\u8fd9\u79cd\u7efc\u5408\u6a21\u5f0f\u4e0d\u4ec5\u5f3a\u5316\u4e86\u5e02\u573a\u5730\u4f4d\uff0c\u4e5f\u5f62\u6210\u4e86\u7ade\u4e89\u5bf9\u624b\u96be\u4ee5\u590d\u5236\u7684\u4f18\u52bf\u3002\u957f\u671f\u4ee5\u6765\uff0c\u8054\u5408\u5065\u5eb7\u5728\u6536\u5165\u548c\u51c0\u5229\u6da6\u65b9\u9762\u4fdd\u6301\u4e86\u7a33\u5065\u7684\u589e\u957f\u8bb0\u5f55\u3002<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u7136\u800c\uff0c\u516c\u53f8\u8fd1\u671f\u786e\u5b9e\u9047\u5230\u4e00\u5b9a\u538b\u529b\u3002\u7f8e\u56fd\u53f8\u6cd5\u90e8\u6b63\u5bf9\u5176\u533b\u7597\u4fdd\u9669\u4f18\u52bf\u8ba1\u5212\u7684\u8fd0\u8425\u5c55\u5f00\u8c03\u67e5\uff0c\u5c3d\u7ba1\u516c\u53f8\u79f0\u5df2\u9075\u5b88\u6240\u6709\u8981\u6c42\uff0c\u5e76\u5f3a\u8c03\u5728\u4ee5\u5f80\u6c11\u4e8b\u8bc9\u8bbc\u4e2d\u672a\u53d1\u73b0\u4e0d\u5f53\u884c\u4e3a\u8bc1\u636e\uff0c\u4f46\u4e0d\u786e\u5b9a\u6027\u4ecd\u5b58\u3002<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u9762\u5bf9\u6311\u6218\uff0c\u8054\u5408\u5065\u5eb7\u79ef\u6781\u91c7\u53d6\u63aa\u65bd\u5e94\u5bf9\uff0c\u5305\u62ec\u9000\u51fa\u90e8\u5206\u9ad8\u6210\u672c\u8ba1\u5212\u3001\u8c03\u6574\u4fdd\u8d39\u4ef7\u683c\uff0c\u4ee5\u53ca\u5e94\u7528\u4eba\u5de5\u667a\u80fd\u63d0\u5347\u8fd0\u8425\u6548\u7387\u3002\u516c\u53f8\u5f3a\u5927\u7684\u5e02\u573a\u5730\u4f4d\u4e0e\u6218\u7565\u6267\u884c\u529b\u4e3a\u5176\u8d70\u51fa\u56f0\u5883\u63d0\u4f9b\u91cd\u8981\u652f\u6301\u3002\u80a1\u4ef7\u65b9\u9762\uff0c\u8054\u5408\u5065\u5eb7\u66fe\u662f\u957f\u671f\u8868\u73b0\u4f18\u5f02\u7684\u80a1\u7968\uff0c\u8fc7\u53bb\u5341\u5e74\u6da8\u5e45\u8d85400%\uff0c\u4f46\u81ea\u4eca\u5e74\u56db\u6708\u9ad8\u70b9\u4ee5\u6765\u5df2\u4e0b\u8dcc\u7ea647%\uff0c\u5f53\u524d\u9884\u671f\u5e02\u76c8\u7387\u964d\u81f319\u500d\uff0c\u8fdc\u4f4e\u4e8e\u6b64\u524d\u6c34\u5e73\u3002\u8003\u8651\u5230\u5176\u76c8\u5229\u589e\u957f\u5386\u53f2\u53ca\u672a\u6765\u7684\u590d\u82cf\u6f5c\u529b\uff0c\u76ee\u524d\u4f30\u503c\u5177\u5907\u5438\u5f15\u529b\u3002<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u5f53\u7136\uff0c\u590d\u82cf\u5e76\u975e\u4e00\u8e74\u800c\u5c31\u3002\u9274\u4e8e\u8054\u5408\u5065\u5eb7\u5f53\u524d\u7684\u4f30\u503c\u6c34\u5e73\u53ca\u5176\u5e94\u5bf9\u9006\u5883\u7684\u660e\u786e\u7b56\u7565\uff0c\u8fd9\u4efd\u8010\u5fc3\u6216\u8bb8\u5c06\u5728\u672a\u6765\u83b7\u5f97\u53ef\u89c2\u56de\u62a5\uff0c\u4f7f\u8fd9\u53ea\u533b\u7597\u9f99\u5934\u80a1\u91ca\u653e\u51fa\u66f4\u5927\u7684\u4ef7\u503c\u3002<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u5bf9\u4e8e\u8010\u5fc3\u7684\u6295\u8d44\u8005\u800c\u8a00\uff0c\u8054\u5408\u5065\u5eb7\u96c6\u56e2\uff08UNH\uff09\u5f53\u524d\u6216\u8bb8\u6b63\u91ca\u653e\u51fa\u5de8\u5927\u7684\u6295\u8d44\u4ef7\u503c\u3002\u80fd\u591f\u6d1e\u5bdf\u4f01\u4e1a\u957f\u671f\u6f5c\u529b\u3001\u4e0d\u56e0\u77ed\u671f\u56f0\u5883 [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":592199,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[427],"tags":[525,820,455,925],"class_list":["post-592201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news-zh-hans","tag-525","tag-820","tag-455","tag-925","sectors-life-science-zh-hans","locations-us-zh-hans","exchange-nasdaq-zh-hans","exchange-nyse-zh-hans"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/592201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/comments?post=592201"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/592201\/revisions"}],"predecessor-version":[{"id":592204,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/592201\/revisions\/592204"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media\/592199"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=592201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=592201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/tags?post=592201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}