{"id":591213,"date":"2025-09-03T22:59:46","date_gmt":"2025-09-04T05:59:46","guid":{"rendered":"https:\/\/nai500.com\/blog\/2025\/09\/investing-in-health-insurance-top-stocks-and-etf-for-2025-amid-sector-challenges\/"},"modified":"2025-09-03T23:00:20","modified_gmt":"2025-09-04T06:00:20","slug":"%e5%81%a5%e5%ba%b7%e4%bf%9d%e9%9a%aa%e8%82%a1%e6%8a%95%e8%b3%87%e6%8c%87%e5%8d%97%ef%bc%9a2025%e5%b9%b4%e7%b2%be%e9%81%b8%e5%80%8b%e8%82%a1%e5%92%8cetf","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2025\/09\/%e5%81%a5%e5%ba%b7%e4%bf%9d%e9%9a%aa%e8%82%a1%e6%8a%95%e8%b3%87%e6%8c%87%e5%8d%97%ef%bc%9a2025%e5%b9%b4%e7%b2%be%e9%81%b8%e5%80%8b%e8%82%a1%e5%92%8cetf\/","title":{"rendered":"\u5065\u5eb7\u4fdd\u96aa\u80a1\u6295\u8cc7\u6307\u5357\uff1a2025\u5e74\u7cbe\u9078\u500b\u80a1\u548cETF"},"content":{"rendered":"<p>\u6295\u8cc7\u63d0\u4f9b\u5fc5\u9700\u7522\u54c1\u8207\u670d\u52d9\u7684\u516c\u53f8\u662f\u4e00\u7a2e\u8070\u660e\u7684\u8ca1\u5bcc\u7a4d\u7d2f\u7b56\u7565\u3002\u7121\u8ad6\u8a8d\u53ef\u8207\u5426\uff0c\u5065\u5eb7\u4fdd\u96aa\u5df2\u6210\u70ba\u7576\u4eca\u7f8e\u570b\u4eba\u6700\u91cd\u8981\u7684\u5fc5\u9700\u54c1\u4e4b\u4e00\u3002\u7136\u800c\uff0c2025\u5e74\uff0c\u7f8e\u80a1\u5065\u5eb7\u4fdd\u96aa\u677f\u584a\u9762\u81e8\u4e0d\u5c0f\u7684\u58d3\u529b\u548c\u98a8\u96aa\u3002\u91ab\u7642\u6210\u672c\u6bd4\u7387\uff08MCR\uff09\u4eca\u5e74\u9ad8\u4f01\uff0c\u6bd4\u5982UnitedHealth Group\u57282025\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u7684MCR\u9054\u5230\u4e8689.4%\uff0c\u5275\u4e0b\u6b77\u53f2\u65b0\u9ad8\u3002<\/p>\n<p>\u5118\u7ba1\u5b58\u5728\u98a8\u96aa\uff0c\u4eba\u5011\u5c0d\u91ab\u7642\u4fdd\u96aa\u7684\u9700\u6c42\u76f8\u5c0d\u7a69\u5b9a\uff0c\u540c\u6642\u4eba\u53e3\u8001\u9f61\u5316\u63a8\u52d5\u91ab\u4fdd\u512a\u5148\u8a08\u5283\u548c\u91ab\u4fdd\u88dc\u5145\u8a08\u5283\u9700\u6c42\u589e\u9577\u3002\u7b2c\u4e8c\u4efb\u671f\u5167\u7684\u7279\u6717\u666e\u653f\u5e9c\u53ef\u80fd\u91cd\u9ede\u63a8\u5ee3\u91ab\u4fdd\u512a\u5148\u8a08\u5283\uff0c\u70ba\u884c\u696d\u5275\u9020\u65b0\u7684\u589e\u9577\u7a7a\u9593\u3002\u56e0\u6b64\uff0c2025\u5e74\u7684\u91ab\u7642\u6210\u672c\u58d3\u529b\u66f4\u50cf\u662f\u4e00\u6b21\u77ed\u671f\u885d\u64ca\uff0c\u6e2c\u8a66\u7684\u662f\u5404\u5bb6\u516c\u53f8\u7684\u904b\u71df\u6548\u7387\u548c\u6210\u672c\u63a7\u5236\u80fd\u529b\u3002\u5c0d\u65bc\u9577\u671f\u6295\u8cc7\u8005\u800c\u8a00\uff0c\u884c\u696d\u7684\u77ed\u671f\u4f4e\u8ff7\u53cd\u800c\u53ef\u80fd\u63d0\u4f9b\u4e86\u4e00\u500b\u4ee5\u66f4\u4f4e\u50f9\u683c\u4f48\u5c40\u884c\u696d\u9f8d\u982d\u7684\u6a5f\u6703\u3002<\/p>\n<p>\u63a5\u4e0b\u4f86\u7684\u554f\u984c\u5c31\u662f\uff0c\u5982\u4f55\u9078\u64c7\u512a\u8cea\u7684\u5065\u5eb7\u4fdd\u96aa\u80a1\uff1f\u6295\u8cc7\u524d\u9700\u77ad\u89e3\u54ea\u4e9b\u8981\u9ede\uff1f\u4ee5\u4e0b\u70ba\u60a8\u5168\u9762\u89e3\u6790\u3002<\/p>\n<h2>\u5065\u5eb7\u4fdd\u96aa\u80a1\u6838\u5fc3\u8a55\u4f30\u6307\u6a19<\/h2>\n<p>\u9664\u71df\u6536\u8207\u76c8\u5229\u589e\u9577\u7b49\u901a\u7528\u6307\u6a19\u5916\uff0c\u9700\u95dc\u6ce8\u4e09\u5927\u884c\u696d\u7279\u6709\u56e0\u7d20\uff1a<\/p>\n<ul>\n<li><strong>\u6536\u5165\u7d50\u69cb<\/strong>\uff1a\u4e0d\u540c\u516c\u53f8\u6536\u5165\u91cd\u9ede\u5404\u7570\uff08\u91ab\u4fdd\u512a\u5148\u8a08\u5283\/\u91ab\u7642\u88dc\u52a9\/\u5546\u696d\u5e02\u5834\uff09\uff0c\u76f4\u63a5\u5f71\u97ff\u589e\u9577\u524d\u666f\u8207\u5f31\u9ede\u5224\u65b7\uff1b<\/li>\n<li><strong>\u91ab\u7642\u6210\u672c\u6bd4\u7387\uff08<\/strong><strong>MCR<\/strong><strong>\uff09<\/strong>\uff1a\u5373\u91ab\u7642\u6210\u672c\u5360\u4fdd\u8cbb\u6536\u5165\u767e\u5206\u6bd4\uff0c\u6bd4\u7387\u8d8a\u9ad8\u5247\u76c8\u5229\u8d8a\u4f4e\uff1b<\/li>\n<li><strong>\u975e\u4fdd\u96aa\u696d\u52d9\u591a\u5143\u5316<\/strong>\uff1a\u5065\u5eb7\u96aa\u5546\u666e\u904d\u62d3\u5c55\u884d\u751f\u696d\u52d9\uff08\u5982UnitedHealth\u548cCVS\uff09\uff0c\u9700\u95dc\u6ce8\u9019\u4e9b\u9818\u57df\u5c0d\u589e\u9577\u8207\u98a8\u96aa\u7684\u5f71\u97ff\u3002<\/li>\n<\/ul>\n<h2>2025\u5e74\u7cbe\u9078\u5065\u5eb7\u4fdd\u96aa\u80a1\u7968\u548cETF<\/h2>\n<p>\uff08\u6578\u64da\u622a\u81f32025\u5e749\u67083\u65e5\uff09<\/p>\n<table>\n<thead>\n<tr>\n<td>\u540d\u7a31\u8207\u4ee3\u78bc<\/td>\n<td>\u5e02\u503c<\/td>\n<td>\u80a1\u606f\u6536\u76ca\u7387<\/td>\n<td>\u884c\u696d\u5206\u985e<\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=UNH\">UnitedHealth Group (UNH)<\/a><\/td>\n<td>2800\u5104\u7f8e\u5143<\/td>\n<td>2.76%<\/td>\n<td>\u91ab\u7642\u4fdd\u5065\u670d\u52d9\u63d0\u4f9b\u5546<\/td>\n<\/tr>\n<tr>\n<td>Elevance Health (ELV)<\/td>\n<td>730\u5104\u7f8e\u5143<\/td>\n<td>2.07%<\/td>\n<td>\u91ab\u7642\u4fdd\u5065\u670d\u52d9\u63d0\u4f9b\u5546<\/td>\n<\/tr>\n<tr>\n<td>CVS Health (CVS)<\/td>\n<td>940\u5104\u7f8e\u5143<\/td>\n<td>3.59%<\/td>\n<td>\u91ab\u7642\u4fdd\u5065\u670d\u52d9\u63d0\u4f9b\u5546<\/td>\n<\/tr>\n<tr>\n<td>Centene (CNC)<\/td>\n<td>150\u5104\u7f8e\u5143<\/td>\n<td>0.00%<\/td>\n<td>\u91ab\u7642\u4fdd\u5065\u670d\u52d9\u63d0\u4f9b\u5546<\/td>\n<\/tr>\n<tr>\n<td>iShares\u91ab\u7642\u4fdd\u5065\u63d0\u4f9b\u5546ETF (IHF)<\/td>\n<td>&#8211;<\/td>\n<td>0.00%<\/td>\n<td>\u8cc7\u672c\u5e02\u5834<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2>1. UnitedHealth Group<\/h2>\n<p>\u4f5c\u70ba\u5168\u7403\u6700\u5927\u5065\u5eb7\u4fdd\u96aa\u516c\u53f8\uff0c\u65d7\u4e0b\u7684UnitedHealthcare\u4e8b\u696d\u90e8\u70ba\u4f01\u696d\u548c\u500b\u4eba\u63d0\u4f9b\u5065\u5eb7\u8a08\u5283\uff0c\u540c\u6642\u662f\u91ab\u4fdd\u512a\u5148\u8a08\u5283\uff08Medicare Advantage\uff09\u3001\u91ab\u4fdd\u88dc\u5145\u8a08\u5283\u548c\u91ab\u7642\u88dc\u52a9\uff08Medicaid\uff09\u5e02\u5834\u7684\u91cd\u8981\u53c3\u8207\u8005\u3002Optum\u4e8b\u696d\u90e8\u63d0\u4f9b\u4fe1\u606f\u6280\u8853\u9a45\u52d5\u7684\u5065\u5eb7\u670d\u52d9\uff0c\u96d6\u7136UnitedHealthcare\u8ca2\u737b\u56db\u5206\u4e4b\u4e09\u71df\u6536\uff0c\u4f46Optum\u662f\u4e3b\u8981\u589e\u9577\u7684\u5f15\u64ce\u3002\u8fd1\u5e74\u589e\u9577\u90e8\u5206\u6e90\u65bc\u6536\u8cfc\uff0c\u59822022\u5e74\u6536\u8cfcChange Healthcare\uff0c2025\u5e748\u6708\u4ee533\u5104\u7f8e\u5143\u6536\u8cfc\u5bb6\u5ead\u5065\u5eb7\u670d\u52d9\u5546Amedisys\u3002<\/p>\n<h2>2. CVS Health<\/h2>\n<p>\u9664\u85e5\u623f\u96f6\u552e\u696d\u52d9\u5916\uff0c\u65d7\u4e0bCVS Caremark\u662f\u5168\u7f8e\u6700\u5927\u85e5\u623f\u798f\u5229\u7ba1\u7406\u516c\u53f8\uff08PBM\uff09\u4e4b\u4e00\uff0c2018\u5e74\u6536\u8cfc\u5b89\u6cf0\uff08Aetna\uff09\u5f8c\u8e8b\u8eab\u9802\u7d1a\u5065\u5eb7\u96aa\u5546\u3002\u91ab\u7642\u798f\u5229\u677f\u584a\uff08\u4e3b\u8981\u4f86\u81ea\u5b89\u6cf0\uff09\u8ca2\u737b\u8d85\u904e\u4e09\u5206\u4e4b\u4e00\u7684\u71df\u6536\uff0c\u91ab\u4fdd\u548c\u5546\u696d\u4fdd\u96aa\u7522\u54c1\u9a45\u52d5\u6536\u5165\u5feb\u901f\u589e\u9577\u3002\u80a1\u606f\u6536\u76ca\u7387\u5728\u672c\u7d44\u516c\u53f8\u4e2d\u6700\u9ad8\u3002<\/p>\n<h2>3. Centene<\/h2>\n<p>\u4e3b\u71df\u91ab\u7642\u88dc\u52a9\u5e02\u5834\uff0c\u50b3\u7d71\u53c3\u4fdd\u8005\uff08\u542b\u5152\u7ae5\u5065\u5eb7\u4fdd\u96aa\u8a08\u5283\u53ca\u8ca7\u56f0\u5bb6\u5ead\u81e8\u6642\u63f4\u52a9\u8a08\u5283\uff09\u8207\u9700\u8981\u983b\u7e41\u76e3\u6e2c\u7684\u4eba\u7fa4\u5360\u516c\u53f8\u6703\u54e1\u7e3d\u6578\u7684\u8d85\u904e\u4e00\u534a\u3002\u91ab\u7642\u88dc\u52a9\u8a08\u5283\u8ca2\u737b\u8fd1\u4e09\u5206\u4e4b\u4e8c\u71df\u6536\uff0c\u4f46\u91ab\u4fdd\u548c\u5546\u696d\u4fdd\u96aa\u696d\u52d9\u589e\u901f\u986f\u8457\u66f4\u5feb\u3002\u672a\u4f86\u91cd\u9ede\u62d3\u5c55\u5169\u985e\u5e02\u5834\uff1a\u540c\u6642\u7b26\u5408\u91ab\u4fdd\u548c\u91ab\u7642\u88dc\u52a9\u8cc7\u683c\u7684\u96d9\u91cd\u8cc7\u683c\u4eba\u7fa4\uff0c\u4ee5\u53ca\u66ff\u4ee3\u5718\u9ad4\u4fdd\u96aa\u7684\u500b\u4eba\u4fdd\u96aa\u5065\u5eb7\u5831\u92b7\u5b89\u6392\uff08ICHRA\uff09\u3002<\/p>\n<h2>4. Elevance Health<\/h2>\n<p>\u524d\u8eab\u70baAnthem\uff0c\u572814\u5dde\u904b\u71df\u85cd\u5341\u5b57\u8207\u85cd\u76fe\u8a08\u5283\uff0c\u4f46\u6301\u6709\u5168\u570b\u7bc4\u570d\u5167\u7684\u71df\u696d\u724c\u7167\u3002\u696d\u52d9\u8986\u84cb\u4f01\u696d\u53ca\u500b\u4eba\u5065\u5eb7\u8a08\u5283\u3001\u91ab\u4fdd\u512a\u5148\u3001\u91ab\u4fdd\u88dc\u5145\u548c\u91ab\u7642\u88dc\u52a9\u9818\u57df\u3002\u85e5\u623f\u798f\u5229\u7ba1\u7406\u516c\u53f8CarelonRx\u548c\u7d9c\u5408\u670d\u52d9\u5e73\u81faCarelon Services\u69cb\u6210\u591a\u5143\u696d\u52d9\u9ad4\u7cfb\u3002\u5065\u5eb7\u798f\u5229\u677f\u584a\u8ca2\u737b\u8d8580%\u7684\u71df\u6536\uff0c\u4f46Carelon Services\u589e\u9577\u6700\u5feb\u3002<\/p>\n<h2>5. iShares\u7f8e\u570b\u91ab\u7642\u4fdd\u5065\u63d0\u4f9b\u5546ETF<\/h2>\n<p>\u8a72ETF\u8ddf\u8e64\u9053\u74ca\u65af\u7f8e\u570b\u7cbe\u9078\u91ab\u7642\u4fdd\u5065\u63d0\u4f9b\u5546\u6307\u6578\uff0c\u6210\u5206\u80a1\u5305\u542b\u5065\u5eb7\u96aa\u3001\u8a3a\u65b7\u53ca\u5c08\u79d1\u6cbb\u7642\u516c\u53f8\u3002\u56db\u5927\u6301\u5009\u5206\u5225\u70baUnitedHealth\u3001CVS Health\u3001Elevance Health\u548cHumana\u3002\u76f8\u6bd4\u76f4\u63a5\u6301\u80a1\u5b58\u5728\u5169\u5927\u7f3a\u9ede\uff1a\u6295\u8cc7\u7bc4\u570d\u8d85\u51fa\u7d14\u5065\u5eb7\u96aa\u9818\u57df\uff1b\u9700\u652f\u4ed80.38%\u7684\u5e74\u7ba1\u7406\u8cbb\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u6295\u8cc7\u63d0\u4f9b\u5fc5\u9700\u7522\u54c1\u8207\u670d\u52d9\u7684\u516c\u53f8\u662f\u4e00\u7a2e\u8070\u660e\u7684\u8ca1\u5bcc\u7a4d\u7d2f\u7b56\u7565\u3002\u7121\u8ad6\u8a8d\u53ef\u8207\u5426\uff0c\u5065\u5eb7\u4fdd\u96aa\u5df2\u6210\u70ba\u7576\u4eca\u7f8e\u570b\u4eba\u6700\u91cd\u8981\u7684\u5fc5\u9700\u54c1\u4e4b\u4e00 [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":591208,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1522,431],"tags":[1788,2126,644,574],"class_list":["post-591213","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1522","category-trends-strategies-zh-hant","tag-1788","tag--zh-hant","tag-644","tag-574","sectors-life-science-zh-hant","sectors-financial-products-zh-hant","locations-us-zh-hant","exchange-nyse-zh-hant"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/591213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/comments?post=591213"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/591213\/revisions"}],"predecessor-version":[{"id":591216,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/591213\/revisions\/591216"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/591208"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=591213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=591213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=591213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}