{"id":53602,"date":"2026-09-11T10:45:32","date_gmt":"2026-09-11T10:45:32","guid":{"rendered":"https:\/\/www.vtmarkets.com\/pt-eu\/uncategorized\/premium-at-what-cost-unhs-recovery-faces-an-optum-health-test\/"},"modified":"2026-09-11T10:45:32","modified_gmt":"2026-09-11T10:45:32","slug":"premium-at-what-cost-unhs-recovery-faces-an-optum-health-test","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/pt-eu\/featured\/premium-at-what-cost-unhs-recovery-faces-an-optum-health-test\/","title":{"rendered":"Pr\u00e9mio a Que Custo? A Recupera\u00e7\u00e3o da UNH Enfrenta um Teste na Optum Health"},"content":{"rendered":"<figure class=\"wp-block-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1250\" height=\"700\" src=\"https:\/\/www.vtmarkets.com\/pt-eu\/wp-content\/uploads\/sites\/22\/2026\/09\/UHC.webp\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" style=\"object-fit:cover;\" srcset=\"https:\/\/www.vtmarkets.com\/pt-eu\/wp-content\/uploads\/sites\/22\/2026\/09\/UHC.webp 1250w, https:\/\/www.vtmarkets.com\/pt-eu\/wp-content\/uploads\/sites\/22\/2026\/09\/UHC-300x168.webp 300w, https:\/\/www.vtmarkets.com\/pt-eu\/wp-content\/uploads\/sites\/22\/2026\/09\/UHC-1024x573.webp 1024w, https:\/\/www.vtmarkets.com\/pt-eu\/wp-content\/uploads\/sites\/22\/2026\/09\/UHC-768x430.webp 768w, https:\/\/www.vtmarkets.com\/pt-eu\/wp-content\/uploads\/sites\/22\/2026\/09\/UHC-500x280.webp 500w, https:\/\/www.vtmarkets.com\/pt-eu\/wp-content\/uploads\/sites\/22\/2026\/09\/UHC-400x224.webp 400w, https:\/\/www.vtmarkets.com\/pt-eu\/wp-content\/uploads\/sites\/22\/2026\/09\/UHC-350x196.webp 350w, https:\/\/www.vtmarkets.com\/pt-eu\/wp-content\/uploads\/sites\/22\/2026\/09\/UHC-200x112.webp 200w\" sizes=\"auto, (max-width: 1250px) 100vw, 1250px\" \/><\/figure>\n\n\n<p class=\"wp-block-paragraph\">A UnitedHealth entrou em 2026 em recupera\u00e7\u00e3o. Os resultados melhoraram, a empresa subiu as previs\u00f5es (guidance \u2014 a estimativa oficial da gest\u00e3o para resultados futuros) e os custos m\u00e9dicos come\u00e7aram a descer. Mas a venda de uma participa\u00e7\u00e3o (stake sale \u2014 venda de uma parte do capital de um ativo) a 9 de setembro, envolvendo a Optum Health, voltou a p\u00f4r o foco na quest\u00e3o central: a recupera\u00e7\u00e3o chega para sustentar as expectativas que j\u00e1 est\u00e3o refletidas no pre\u00e7o da a\u00e7\u00e3o?<\/p>\n\n\n\n<script type=\"module\" src=\"https:\/\/widgets.tradingview-widget.com\/w\/en\/tv-mini-chart.js\"><\/script>\n\n<tv-mini-chart symbol=\"NYSE:UNH\" time-frame=\"7D\" style=\"width: 100%; height: 300px\"><\/tv-mini-chart><br>\n\n\n\n<p class=\"wp-block-paragraph\">A venda de uma participa\u00e7\u00e3o na problem\u00e1tica Optum Health <a href=\"https:\/\/finance.yahoo.com\/healthcare\/articles\/unitedhealth-slips-3-tpg-buys-144014218.html\" target=\"_blank\" rel=\"noopener nofollow\">fez a a\u00e7\u00e3o cair cerca de 3%<\/a>, expondo a diferen\u00e7a entre o que j\u00e1 recuperou e o que os investidores ainda querem ver. O neg\u00f3cio de seguros da UNH estabilizou, mas a avalia\u00e7\u00e3o elevada (premium valuation \u2014 o mercado paga \u201cmais caro\u201d por esta a\u00e7\u00e3o do que por pares) continua a depender de a Optum Health conseguir entregar a pr\u00f3xima fase de crescimento.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>A recupera\u00e7\u00e3o da UNH come\u00e7ou nos custos m\u00e9dicos<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Nos seguradores de sa\u00fade de \u201cmanaged care\u201d (seguros com redes e regras de gest\u00e3o de cuidados), o r\u00e1cio de custos m\u00e9dicos, MCR (medical cost ratio), mede que parte dos pr\u00e9mios (receita de seguros) \u00e9 usada para pagar sinistros e despesas de sa\u00fade. Um r\u00e1cio mais baixo deixa mais margem para lucro.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Na UNH, o MCR tornou-se o indicador mais claro para perceber se o aumento de custos p\u00f3s-pandemia estava a inverter.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">O r\u00e1cio <a href=\"https:\/\/www.businesswire.com\/news\/home\/20260716830877\/en\/UnitedHealth-Group-Reports-Second-Quarter-2026-Results\" target=\"_blank\" rel=\"noopener nofollow\">atingiu 89,4% no 2.\u00ba trimestre de 2025<\/a>, a pressionar as margens (margins \u2014 percentagem de lucro sobre as vendas) e a contribuir para <a href=\"https:\/\/www.reuters.com\/business\/healthcare-pharmaceuticals\/unitedhealth-signals-prolonged-pain-with-new-far-lower-profit-forecast-shares-2025-07-29\/\" target=\"_blank\" rel=\"noopener nofollow\">uma queda de mais de 40% face ao pico de 2024<\/a>, perto de 600 d\u00f3lares. O setor viveu press\u00e3o semelhante com o aumento da utiliza\u00e7\u00e3o de cuidados (utilisation \u2014 mais consultas, exames e internamentos), mas a escala da UNH ampliou o impacto.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">No primeiro semestre de 2026, o MCR <a href=\"https:\/\/finance.yahoo.com\/markets\/stocks\/articles\/unitedhealth-stock-rises-39-6-160400759.html\" target=\"_blank\" rel=\"noopener nofollow\">melhorou para 85,3%, face a 87,1% um ano antes<\/a>. Isto explica grande parte do ressalto da a\u00e7\u00e3o. Tamb\u00e9m ajuda a perceber por que a queda de setembro foi relevante: o mercado j\u00e1 olha para al\u00e9m do al\u00edvio nos custos e quer ver se os neg\u00f3cios de maior valor conseguem justificar o \u201cpr\u00e9mio\u201d embutido no pre\u00e7o.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">A recupera\u00e7\u00e3o reparou o neg\u00f3cio de seguros.<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A melhoria no neg\u00f3cio principal de seguros \u00e9 real.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">O MCR <a href=\"https:\/\/www.techtimes.com\/articles\/320782\/20260716\/unitedhealth-shatters-estimates-ai-trims-medical-costs-270-basis-points.htm\" target=\"_blank\" rel=\"noopener nofollow\">caiu 270 pontos base no 2.\u00ba trimestre de 2026<\/a> (pontos base \u2014 1 ponto base equivale a 0,01%). A empresa subiu a previs\u00e3o anual de EPS ajustado (adjusted EPS \u2014 lucro por a\u00e7\u00e3o excluindo itens considerados \u201cn\u00e3o recorrentes\u201d) para 19,50\u201320,00 d\u00f3lares. No ponto m\u00e9dio, isso equivale a cerca de 21% de crescimento anual dos lucros.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As devolu\u00e7\u00f5es de capital (capital returns \u2014 dinheiro devolvido aos acionistas) refor\u00e7am o quadro:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>4 mil milh\u00f5es de d\u00f3lares<\/strong> em recompras de a\u00e7\u00f5es (share buybacks \u2014 a empresa compra as suas pr\u00f3prias a\u00e7\u00f5es) at\u00e9 meados de julho de 2026, <a href=\"https:\/\/finance.yahoo.com\/healthcare\/articles\/5-billion-reason-buy-unitedhealth-180459988.html\" target=\"_blank\" rel=\"noopener nofollow\">a caminho de pelo menos 5 mil milh\u00f5es<\/a> no ano<\/li>\n\n\n\n<li><strong>4,1 mil milh\u00f5es de d\u00f3lares<\/strong> em dividendos pagos no 1.\u00ba semestre de 2026<\/li>\n\n\n\n<li>Autoriza\u00e7\u00e3o de recompras duplicada, sinalizando confian\u00e7a na gera\u00e7\u00e3o de caixa (cash generation \u2014 capacidade de criar dinheiro livre)<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Mas a recupera\u00e7\u00e3o concentrou-se nos seguros. A pr\u00f3xima fase da avalia\u00e7\u00e3o da UNH depende da Optum.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">O valor da UNH para l\u00e1 dos seguros<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A Optum \u00e9 a raz\u00e3o pela qual a UNH negocia acima das seguradoras tradicionais.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A divis\u00e3o gerou 65,7 mil milh\u00f5es de d\u00f3lares de <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/731766\/000073176626000191\/uhgearnings_q22026vpower.htm\" target=\"_blank\" rel=\"noopener nofollow\">receitas no 2.\u00ba trimestre<\/a> e 4 mil milh\u00f5es em resultado operacional (operating earnings \u2014 lucro antes de juros e impostos, em termos simples), com for\u00e7a na OptumRx e na Optum Insight.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Estes neg\u00f3cios d\u00e3o exposi\u00e7\u00e3o para l\u00e1 dos seguros: servi\u00e7os de farm\u00e1cia, dados de sa\u00fade e tecnologia. \u00c9 isto que leva investidores a avaliar a UnitedHealth de forma diferente.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">O problema \u00e9 que nem todas as \u00e1reas da Optum recuperam ao mesmo ritmo.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">A Optum Health continua a ser a pe\u00e7a em falta<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A press\u00e3o concentra-se na Optum Health, que presta cuidados (care delivery \u2014 opera\u00e7\u00e3o de cl\u00ednicas e presta\u00e7\u00e3o direta de servi\u00e7os de sa\u00fade).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A UnitedHealth j\u00e1 tinha <a href=\"https:\/\/www.forbes.com\/sites\/brucejapsen\/2026\/01\/27\/for-unitedhealths-optum-its-back-to-basics-with-smaller-footprint\/\" target=\"_blank\" rel=\"noopener nofollow\">sinalizado em janeiro de 2026<\/a> que a Optum Health estava em reestrutura\u00e7\u00e3o: reduzir presen\u00e7a em mercados fracos e terminar contratos com prestadores que n\u00e3o encaixavam no modelo de \u201cvalue-based care\u201d (cuidados baseados em valor \u2014 pagar mais por melhores resultados, n\u00e3o por mais atos m\u00e9dicos). A <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-09-09\/unitedhealth-sells-interest-in-florida-wellmed-clinics-to-tpg\" target=\"_blank\" rel=\"noopener nofollow\">parceria com a TPG em setembro<\/a> segue a mesma l\u00f3gica: em vez de gerir todas as redes de cl\u00ednicas internamente, a UNH traz parceiros especializados por regi\u00e3o, mantendo exposi\u00e7\u00e3o ao valor (equity exposure \u2014 manter uma parte do capital e do potencial ganho).<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/x.com\/search?q=%24UNH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$UNH<\/a> UnitedHealth has sold an interest in some of its Florida WellMed\/Optum Health clinics to private-equity firm TPG, as it works to recover from last year\u2019s profit collapse.<br><br>CFO Wayne DeVeydt said the deal isn\u2019t about raising cash, but bringing in a local partner that can help\u2026 <a href=\"https:\/\/t.co\/sjiU48PYgV\">pic.twitter.com\/sjiU48PYgV<\/a><\/p>&mdash; Sam Badawi (@Sam_Badawi) <a href=\"https:\/\/x.com\/Sam_Badawi\/status\/2097514305042419833?ref_src=twsrc%5Etfw\">September 9, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">O diretor financeiro (CFO) Wayne DeVeydt descreveu o acordo como parceria local, n\u00e3o como aumento de capital (capital raise \u2014 angaria\u00e7\u00e3o de dinheiro junto de investidores), para dar foco operacional a um segmento que precisa disso. A mensagem \u00e9 consistente com o que o CEO da Optum, Dr. Patrick Conway, j\u00e1 tinha dito: concentrar-se em mercados onde existe infraestrutura para ter sucesso.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">O movimento pode ser lido de duas formas: disciplina na afeta\u00e7\u00e3o de capital (capital allocation \u2014 decidir onde investir) para acelerar a melhoria, ou sinal de que a Optum Health precisa de mais apoio do que o previsto.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>O que a avalia\u00e7\u00e3o \u201ccom pr\u00e9mio\u201d da UNH exige<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A UNH negocia com um pr\u00e9mio face ao setor. Esse pr\u00e9mio n\u00e3o vem s\u00f3 dos seguros. Os investidores pagam por uma empresa que junta escala na sa\u00fade com servi\u00e7os de farm\u00e1cia, capacidade de dados e uma plataforma de servi\u00e7os atrav\u00e9s da Optum.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">O desafio \u00e9 que um m\u00faltiplo alto (premium multiple \u2014 pagar um pre\u00e7o elevado por cada d\u00f3lar de lucro) deixa menos margem para atrasos. O mercado j\u00e1 n\u00e3o avalia apenas a recupera\u00e7\u00e3o dos custos m\u00e9dicos. Avalia se os neg\u00f3cios que sustentam o pr\u00e9mio conseguem aumentar a rentabilidade.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Tr\u00eas pontos v\u00e3o decidir se o pr\u00e9mio se mant\u00e9m:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Recupera\u00e7\u00e3o de margens na Optum Health<\/strong> A margem operacional da Optum Health est\u00e1 perto de 2%, abaixo do que o mercado espera de uma plataforma que justifica um m\u00faltiplo \u201ccom pr\u00e9mio\u201d. Sem melhoria, a avalia\u00e7\u00e3o depende de expectativas futuras.<br><\/li>\n\n\n\n<li><strong>Execu\u00e7\u00e3o das expectativas de crescimento<\/strong> Os seguros estabilizaram, mas a pr\u00f3xima fase depende de a Optum transformar escala e infraestrutura em mais lucros. Atrasos podem afetar a confian\u00e7a.<br><\/li>\n\n\n\n<li><strong>Sensibilidade a custos e regras<\/strong> Mais utiliza\u00e7\u00e3o de cuidados, altera\u00e7\u00f5es nos reembolsos (reimbursement \u2014 quanto os pagadores pagam aos prestadores) ou perturba\u00e7\u00f5es na Optum podem reduzir a previsibilidade dos lucros e levar a rever o pr\u00e9mio.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Porque a UNH negocia acima dos pares<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A diferen\u00e7a fica mais clara quando comparada com outros grandes nomes do \u201cmanaged care\u201d. A Cigna e a CVS tamb\u00e9m est\u00e3o em recupera\u00e7\u00e3o, mas t\u00eam perfis de lucros e riscos diferentes dos da UnitedHealth.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">Empresa<\/td><td class=\"has-text-align-center\" data-align=\"center\">P\/E \u201cforward\u201d<\/td><td class=\"has-text-align-center\" data-align=\"center\">Situa\u00e7\u00e3o de recupera\u00e7\u00e3o<\/td><td class=\"has-text-align-center\" data-align=\"center\">Principal fator de avalia\u00e7\u00e3o<\/td><\/tr><tr><td>UnitedHealth (UNH)<\/td><td><a href=\"https:\/\/www.gurufocus.com\/term\/forward-pe-ratio\/UNH\" target=\"_blank\" rel=\"noopener nofollow\">~17,6x<\/a><\/td><td>MCR a melhorar, Optum Health ainda em recupera\u00e7\u00e3o<\/td><td>Recupera\u00e7\u00e3o de margens na Optum<\/td><\/tr><tr><td>Cigna (CI)<\/td><td><a href=\"https:\/\/www.gurufocus.com\/term\/forward-pe-ratio\/CI\" target=\"_blank\" rel=\"noopener nofollow\">~8,5x<\/a><\/td><td>Menor exposi\u00e7\u00e3o ao Medicare ap\u00f3s sair do neg\u00f3cio<\/td><td>Press\u00e3o no PBM e transi\u00e7\u00e3o da Evernorth<\/td><\/tr><tr><td>CVS Health (CVS)<\/td><td><a href=\"https:\/\/www.gurufocus.com\/term\/forward-pe-ratio\/CVS\" target=\"_blank\" rel=\"noopener nofollow\">~13x<\/a><\/td><td>Recupera\u00e7\u00e3o ainda em curso ap\u00f3s custos elevados<\/td><td>Custos no Medicare e processos judiciais<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><em>Dados obtidos no GuruFocus<\/em><\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">A Cigna est\u00e1 hoje mais protegida. A sa\u00edda do Medicare Advantage (planos privados para benefici\u00e1rios Medicare) reduziu a exposi\u00e7\u00e3o a uma das maiores fontes de press\u00e3o de custos do setor, e a Evernorth passou a contribuir mais para os lucros.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A CVS negocia mais barata, mas o caminho de recupera\u00e7\u00e3o \u00e9 mais longo devido a custos no Medicare Advantage, press\u00e3o nos reembolsos e lit\u00edgios antigos.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A UNH fica entre as duas: tem mais infraestrutura e mais fontes de melhoria, mas o mercado tamb\u00e9m exige mais provas nos neg\u00f3cios que sustentam o pr\u00e9mio.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Como os traders podem abordar a UNH<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A avalia\u00e7\u00e3o da UNH torna a a\u00e7\u00e3o sens\u00edvel a atualiza\u00e7\u00f5es de resultados, coment\u00e1rios sobre margens e novidades regulat\u00f3rias.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A queda de 9 de setembro mostrou que o mercado reage n\u00e3o s\u00f3 aos n\u00fameros, mas tamb\u00e9m \u00e0 confian\u00e7a no calend\u00e1rio da recupera\u00e7\u00e3o. A empresa pode continuar a melhorar fundamentos (fundamentals \u2014 resultados e indicadores do neg\u00f3cio) e, ainda assim, a a\u00e7\u00e3o ficar vulner\u00e1vel se as expectativas avan\u00e7arem mais depressa do que a execu\u00e7\u00e3o.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">O consenso de analistas mant\u00e9m-se positivo, com pre\u00e7o-alvo m\u00e9dio a 12 meses de 475 d\u00f3lares, cerca de 21% acima de n\u00edveis perto de 391. No cen\u00e1rio negativo (bear case \u2014 vis\u00e3o pessimista), o alvo \u00e9 313, indicando cerca de 20% de queda. A amplitude reflete incerteza sobre a velocidade da recupera\u00e7\u00e3o.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\">A oferta da VT Markets inclui United Healthcare (UNH), CVS Healthcorp (CVS) e Cigna (CI) como <a href=\"https:\/\/www.vtmarkets.com\/cfd-shares\/?utm_source=Opinion&amp;utm_content=UNH\" target=\"_blank\" rel=\"noopener\">a\u00e7\u00f5es CFD<\/a> negoci\u00e1veis (CFD \u2014 \u201ccontrato por diferen\u00e7a\u201d; permite ganhar ou perder com a varia\u00e7\u00e3o do pre\u00e7o sem comprar a a\u00e7\u00e3o).<\/p>\n\n\n\n<details class=\"wp-block-details is-layout-flow wp-block-details-is-layout-flow\"><summary><strong>TL;DR<\/strong><\/summary>\n<p class=\"wp-block-paragraph\"><br><strong>Porque \u00e9 que as a\u00e7\u00f5es da UnitedHealth (UNH) ca\u00edram ap\u00f3s o acordo da Optum Health?<\/strong> <br>A a\u00e7\u00e3o caiu cerca de 3% depois de a parceria com a TPG levantar d\u00favidas sobre a rapidez com que a Optum Health consegue melhorar opera\u00e7\u00f5es e margens.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>O neg\u00f3cio de seguros da UnitedHealth est\u00e1 a recuperar em 2026?<\/strong> <br>Sim. O MCR melhorou para 85,3% no 1.\u00ba semestre de 2026, e a gest\u00e3o subiu a previs\u00e3o anual de EPS ajustado para 19,50\u201320,00 d\u00f3lares.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Porque \u00e9 que a Optum Health \u00e9 importante para a a\u00e7\u00e3o da UNH?<\/strong> <br>A Optum ajuda a justificar o pr\u00e9mio face a seguradoras tradicionais. Margens fracas na Optum Health podem afetar expectativas de lucros e o sentimento do mercado.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Como se compara a UNH com a Cigna e a CVS Health?<\/strong> <br>A UNH negoceia a um m\u00faltiplo de lucros futuro mais alto (forward multiple \u2014 avalia\u00e7\u00e3o com base em lucros esperados), refletindo a plataforma Optum. A Cigna e a CVS negoceiam a m\u00faltiplos mais baixos, mas enfrentam riscos diferentes na sa\u00fade e no PBM (PBM \u2014 gestor de benef\u00edcios de farm\u00e1cia, que negocia pre\u00e7os e gere redes e reembolsos).<\/p>\n<\/details>\n\n\n\n\n<p class=\"wp-block-paragraph\"><b>Comece a negociar agora \u2014 clique <a href=\"https:\/\/www.vtmarkets.com\/pt-eu\/trade-now\/\">aqui<\/a> para criar a sua conta real da VT Markets.<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":"<p>A UnitedHealth recupera em 2026 com MCR em queda e guidance refor\u00e7ado, mas a venda parcial da Optum Health reacende d\u00favidas: o pr\u00e9mio da a\u00e7\u00e3o s\u00f3 se sustenta se as margens da Optum acelerarem.<\/p>\n","protected":false},"author":87,"featured_media":53601,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,11],"tags":[],"class_list":["post-53602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-opinion"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO Pro 5.0.1.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"A UnitedHealth recupera em 2026 com MCR em queda e guidance refor\u00e7ado, mas a venda parcial da Optum Health reacende d\u00favidas: o pr\u00e9mio da a\u00e7\u00e3o s\u00f3 se sustenta se as margens da Optum acelerarem.\" \/>\n\t<meta name=\"robots\" content=\"max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.vtmarkets.com\/pt-eu\/featured\/premium-at-what-cost-unhs-recovery-faces-an-optum-health-test\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO Pro (AIOSEO) 5.0.1.1\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"VT Markets -\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"Pr\u00e9mio a Que Custo? A Recupera\u00e7\u00e3o da UNH Enfrenta um Teste na Optum Health - VT Markets\" \/>\n\t\t<meta property=\"og:description\" content=\"A UnitedHealth recupera em 2026 com MCR em queda e guidance refor\u00e7ado, mas a venda parcial da Optum Health reacende d\u00favidas: o pr\u00e9mio da a\u00e7\u00e3o s\u00f3 se sustenta se as margens da Optum acelerarem.\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/www.vtmarkets.com\/pt-eu\/featured\/premium-at-what-cost-unhs-recovery-faces-an-optum-health-test\/\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2026-09-11T10:45:32+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2026-09-11T10:45:32+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:title\" content=\"Pr\u00e9mio a Que Custo? A Recupera\u00e7\u00e3o da UNH Enfrenta um Teste na Optum Health - VT Markets\" \/>\n\t\t<meta name=\"twitter:description\" content=\"A UnitedHealth recupera em 2026 com MCR em queda e guidance refor\u00e7ado, mas a venda parcial da Optum Health reacende d\u00favidas: o pr\u00e9mio da a\u00e7\u00e3o s\u00f3 se sustenta se as margens da Optum acelerarem.\" \/>\n\t\t<script type=\"application\/ld+json\" class=\"aioseo-schema\">\n\t\t\t{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"BlogPosting\",\"@id\":\"https:\\\/\\\/www.vtmarkets.com\\\/pt-eu\\\/featured\\\/premium-at-what-cost-unhs-recovery-faces-an-optum-health-test\\\/#blogposting\",\"name\":\"Pr\\u00e9mio a Que Custo? A Recupera\\u00e7\\u00e3o da UNH Enfrenta um Teste na Optum Health - VT Markets\",\"headline\":\"Pr\\u00e9mio a Que Custo? A Recupera\\u00e7\\u00e3o da UNH Enfrenta um Teste na Optum Health\",\"author\":{\"@id\":\"https:\\\/\\\/www.vtmarkets.com\\\/pt-eu\\\/author\\\/josephine\\\/#author\"},\"publisher\":{\"@id\":\"https:\\\/\\\/www.vtmarkets.com\\\/pt-eu\\\/#organization\"},\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.vtmarkets.com\\\/pt-eu\\\/wp-content\\\/uploads\\\/sites\\\/22\\\/2026\\\/09\\\/UHC.webp\",\"width\":1250,\"height\":700},\"datePublished\":\"2026-09-11T10:45:32+00:00\",\"dateModified\":\"2026-09-11T10:45:32+00:00\",\"inLanguage\":\"en-US\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.vtmarkets.com\\\/pt-eu\\\/featured\\\/premium-at-what-cost-unhs-recovery-faces-an-optum-health-test\\\/#webpage\"},\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.vtmarkets.com\\\/pt-eu\\\/featured\\\/premium-at-what-cost-unhs-recovery-faces-an-optum-health-test\\\/#webpage\"},\"articleSection\":\"Featured, Opinion\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.vtmarkets.com\\\/pt-eu\\\/featured\\\/premium-at-what-cost-unhs-recovery-faces-an-optum-health-test\\\/#breadcrumblist\",\"itemListElement\":[{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.vtmarkets.com\\\/pt-eu#listItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.vtmarkets.com\\\/pt-eu\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.vtmarkets.com\\\/pt-eu\\\/category\\\/featured\\\/#listItem\",\"name\":\"Featured\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.vtmarkets.com\\\/pt-eu\\\/category\\\/featured\\\/#listItem\",\"position\":2,\"name\":\"Featured\",\"item\":\"https:\\\/\\\/www.vtmarkets.com\\\/pt-eu\\\/category\\\/featured\\\/\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.vtmarkets.com\\\/pt-eu\\\/featured\\\/premium-at-what-cost-unhs-recovery-faces-an-optum-health-test\\\/#listItem\",\"name\":\"Pr\\u00e9mio a Que Custo? A Recupera\\u00e7\\u00e3o da UNH Enfrenta um Teste na Optum Health\"},\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.vtmarkets.com\\\/pt-eu#listItem\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.vtmarkets.com\\\/pt-eu\\\/featured\\\/premium-at-what-cost-unhs-recovery-faces-an-optum-health-test\\\/#listItem\",\"position\":3,\"name\":\"Pr\\u00e9mio a Que Custo? A Recupera\\u00e7\\u00e3o da UNH Enfrenta um Teste na Optum Health\",\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.vtmarkets.com\\\/pt-eu\\\/category\\\/featured\\\/#listItem\",\"name\":\"Featured\"}}]},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.vtmarkets.com\\\/pt-eu\\\/#organization\",\"name\":\"VT Markets\",\"url\":\"https:\\\/\\\/www.vtmarkets.com\\\/pt-eu\\\/\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.vtmarkets.com\\\/pt-eu\\\/author\\\/josephine\\\/#author\",\"url\":\"https:\\\/\\\/www.vtmarkets.com\\\/pt-eu\\\/author\\\/josephine\\\/\",\"name\":\"josephine\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/www.vtmarkets.com\\\/pt-eu\\\/featured\\\/premium-at-what-cost-unhs-recovery-faces-an-optum-health-test\\\/#authorImage\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7809ddd0668c6cd297bde70914f1903a959aa8d1a194930855d6c5b37e53a6f0?s=96&d=mm&r=g\",\"width\":96,\"height\":96,\"caption\":\"josephine\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.vtmarkets.com\\\/pt-eu\\\/featured\\\/premium-at-what-cost-unhs-recovery-faces-an-optum-health-test\\\/#webpage\",\"url\":\"https:\\\/\\\/www.vtmarkets.com\\\/pt-eu\\\/featured\\\/premium-at-what-cost-unhs-recovery-faces-an-optum-health-test\\\/\",\"name\":\"Pr\\u00e9mio a Que Custo? A Recupera\\u00e7\\u00e3o da UNH Enfrenta um Teste na Optum Health - VT Markets\",\"description\":\"A UnitedHealth recupera em 2026 com MCR em queda e guidance refor\\u00e7ado, mas a venda parcial da Optum Health reacende d\\u00favidas: o pr\\u00e9mio da a\\u00e7\\u00e3o s\\u00f3 se sustenta se as margens da Optum acelerarem.\",\"inLanguage\":\"en-US\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.vtmarkets.com\\\/pt-eu\\\/#website\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.vtmarkets.com\\\/pt-eu\\\/featured\\\/premium-at-what-cost-unhs-recovery-faces-an-optum-health-test\\\/#breadcrumblist\"},\"author\":{\"@id\":\"https:\\\/\\\/www.vtmarkets.com\\\/pt-eu\\\/author\\\/josephine\\\/#author\"},\"creator\":{\"@id\":\"https:\\\/\\\/www.vtmarkets.com\\\/pt-eu\\\/author\\\/josephine\\\/#author\"},\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.vtmarkets.com\\\/pt-eu\\\/wp-content\\\/uploads\\\/sites\\\/22\\\/2026\\\/09\\\/UHC.webp\",\"@id\":\"https:\\\/\\\/www.vtmarkets.com\\\/pt-eu\\\/featured\\\/premium-at-what-cost-unhs-recovery-faces-an-optum-health-test\\\/#mainImage\",\"width\":1250,\"height\":700},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.vtmarkets.com\\\/pt-eu\\\/featured\\\/premium-at-what-cost-unhs-recovery-faces-an-optum-health-test\\\/#mainImage\"},\"datePublished\":\"2026-09-11T10:45:32+00:00\",\"dateModified\":\"2026-09-11T10:45:32+00:00\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.vtmarkets.com\\\/pt-eu\\\/#website\",\"url\":\"https:\\\/\\\/www.vtmarkets.com\\\/pt-eu\\\/\",\"name\":\"VT Markets\",\"inLanguage\":\"en-US\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.vtmarkets.com\\\/pt-eu\\\/#organization\"}}]}\n\t\t<\/script>\n\t\t<!-- All in One SEO Pro -->\r\n\t\t<title>Pr\u00e9mio a Que Custo? A Recupera\u00e7\u00e3o da UNH Enfrenta um Teste na Optum Health - VT Markets<\/title>\n\n","aioseo_head_json":{"title":"Pr\u00e9mio a Que Custo? A Recupera\u00e7\u00e3o da UNH Enfrenta um Teste na Optum Health - VT Markets","description":"A UnitedHealth recupera em 2026 com MCR em queda e guidance refor\u00e7ado, mas a venda parcial da Optum Health reacende d\u00favidas: o pr\u00e9mio da a\u00e7\u00e3o s\u00f3 se sustenta se as margens da Optum acelerarem.","canonical_url":"https:\/\/www.vtmarkets.com\/pt-eu\/featured\/premium-at-what-cost-unhs-recovery-faces-an-optum-health-test\/","robots":"max-snippet:-1, max-image-preview:large, max-video-preview:-1","keywords":"","webmasterTools":{"miscellaneous":""},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BlogPosting","@id":"https:\/\/www.vtmarkets.com\/pt-eu\/featured\/premium-at-what-cost-unhs-recovery-faces-an-optum-health-test\/#blogposting","name":"Pr\u00e9mio a Que Custo? A Recupera\u00e7\u00e3o da UNH Enfrenta um Teste na Optum Health - VT Markets","headline":"Pr\u00e9mio a Que Custo? A Recupera\u00e7\u00e3o da UNH Enfrenta um Teste na Optum Health","author":{"@id":"https:\/\/www.vtmarkets.com\/pt-eu\/author\/josephine\/#author"},"publisher":{"@id":"https:\/\/www.vtmarkets.com\/pt-eu\/#organization"},"image":{"@type":"ImageObject","url":"https:\/\/www.vtmarkets.com\/pt-eu\/wp-content\/uploads\/sites\/22\/2026\/09\/UHC.webp","width":1250,"height":700},"datePublished":"2026-09-11T10:45:32+00:00","dateModified":"2026-09-11T10:45:32+00:00","inLanguage":"en-US","mainEntityOfPage":{"@id":"https:\/\/www.vtmarkets.com\/pt-eu\/featured\/premium-at-what-cost-unhs-recovery-faces-an-optum-health-test\/#webpage"},"isPartOf":{"@id":"https:\/\/www.vtmarkets.com\/pt-eu\/featured\/premium-at-what-cost-unhs-recovery-faces-an-optum-health-test\/#webpage"},"articleSection":"Featured, Opinion"},{"@type":"BreadcrumbList","@id":"https:\/\/www.vtmarkets.com\/pt-eu\/featured\/premium-at-what-cost-unhs-recovery-faces-an-optum-health-test\/#breadcrumblist","itemListElement":[{"@type":"ListItem","@id":"https:\/\/www.vtmarkets.com\/pt-eu#listItem","position":1,"name":"Home","item":"https:\/\/www.vtmarkets.com\/pt-eu","nextItem":{"@type":"ListItem","@id":"https:\/\/www.vtmarkets.com\/pt-eu\/category\/featured\/#listItem","name":"Featured"}},{"@type":"ListItem","@id":"https:\/\/www.vtmarkets.com\/pt-eu\/category\/featured\/#listItem","position":2,"name":"Featured","item":"https:\/\/www.vtmarkets.com\/pt-eu\/category\/featured\/","nextItem":{"@type":"ListItem","@id":"https:\/\/www.vtmarkets.com\/pt-eu\/featured\/premium-at-what-cost-unhs-recovery-faces-an-optum-health-test\/#listItem","name":"Pr\u00e9mio a Que Custo? A Recupera\u00e7\u00e3o da UNH Enfrenta um Teste na Optum Health"},"previousItem":{"@type":"ListItem","@id":"https:\/\/www.vtmarkets.com\/pt-eu#listItem","name":"Home"}},{"@type":"ListItem","@id":"https:\/\/www.vtmarkets.com\/pt-eu\/featured\/premium-at-what-cost-unhs-recovery-faces-an-optum-health-test\/#listItem","position":3,"name":"Pr\u00e9mio a Que Custo? A Recupera\u00e7\u00e3o da UNH Enfrenta um Teste na Optum Health","previousItem":{"@type":"ListItem","@id":"https:\/\/www.vtmarkets.com\/pt-eu\/category\/featured\/#listItem","name":"Featured"}}]},{"@type":"Organization","@id":"https:\/\/www.vtmarkets.com\/pt-eu\/#organization","name":"VT Markets","url":"https:\/\/www.vtmarkets.com\/pt-eu\/"},{"@type":"Person","@id":"https:\/\/www.vtmarkets.com\/pt-eu\/author\/josephine\/#author","url":"https:\/\/www.vtmarkets.com\/pt-eu\/author\/josephine\/","name":"josephine","image":{"@type":"ImageObject","@id":"https:\/\/www.vtmarkets.com\/pt-eu\/featured\/premium-at-what-cost-unhs-recovery-faces-an-optum-health-test\/#authorImage","url":"https:\/\/secure.gravatar.com\/avatar\/7809ddd0668c6cd297bde70914f1903a959aa8d1a194930855d6c5b37e53a6f0?s=96&d=mm&r=g","width":96,"height":96,"caption":"josephine"}},{"@type":"WebPage","@id":"https:\/\/www.vtmarkets.com\/pt-eu\/featured\/premium-at-what-cost-unhs-recovery-faces-an-optum-health-test\/#webpage","url":"https:\/\/www.vtmarkets.com\/pt-eu\/featured\/premium-at-what-cost-unhs-recovery-faces-an-optum-health-test\/","name":"Pr\u00e9mio a Que Custo? A Recupera\u00e7\u00e3o da UNH Enfrenta um Teste na Optum Health - VT Markets","description":"A UnitedHealth recupera em 2026 com MCR em queda e guidance refor\u00e7ado, mas a venda parcial da Optum Health reacende d\u00favidas: o pr\u00e9mio da a\u00e7\u00e3o s\u00f3 se sustenta se as margens da Optum acelerarem.","inLanguage":"en-US","isPartOf":{"@id":"https:\/\/www.vtmarkets.com\/pt-eu\/#website"},"breadcrumb":{"@id":"https:\/\/www.vtmarkets.com\/pt-eu\/featured\/premium-at-what-cost-unhs-recovery-faces-an-optum-health-test\/#breadcrumblist"},"author":{"@id":"https:\/\/www.vtmarkets.com\/pt-eu\/author\/josephine\/#author"},"creator":{"@id":"https:\/\/www.vtmarkets.com\/pt-eu\/author\/josephine\/#author"},"image":{"@type":"ImageObject","url":"https:\/\/www.vtmarkets.com\/pt-eu\/wp-content\/uploads\/sites\/22\/2026\/09\/UHC.webp","@id":"https:\/\/www.vtmarkets.com\/pt-eu\/featured\/premium-at-what-cost-unhs-recovery-faces-an-optum-health-test\/#mainImage","width":1250,"height":700},"primaryImageOfPage":{"@id":"https:\/\/www.vtmarkets.com\/pt-eu\/featured\/premium-at-what-cost-unhs-recovery-faces-an-optum-health-test\/#mainImage"},"datePublished":"2026-09-11T10:45:32+00:00","dateModified":"2026-09-11T10:45:32+00:00"},{"@type":"WebSite","@id":"https:\/\/www.vtmarkets.com\/pt-eu\/#website","url":"https:\/\/www.vtmarkets.com\/pt-eu\/","name":"VT Markets","inLanguage":"en-US","publisher":{"@id":"https:\/\/www.vtmarkets.com\/pt-eu\/#organization"}}]},"og:locale":"en_US","og:site_name":"VT Markets -","og:type":"article","og:title":"Pr\u00e9mio a Que Custo? A Recupera\u00e7\u00e3o da UNH Enfrenta um Teste na Optum Health - VT Markets","og:description":"A UnitedHealth recupera em 2026 com MCR em queda e guidance refor\u00e7ado, mas a venda parcial da Optum Health reacende d\u00favidas: o pr\u00e9mio da a\u00e7\u00e3o s\u00f3 se sustenta se as margens da Optum acelerarem.","og:url":"https:\/\/www.vtmarkets.com\/pt-eu\/featured\/premium-at-what-cost-unhs-recovery-faces-an-optum-health-test\/","article:published_time":"2026-09-11T10:45:32+00:00","article:modified_time":"2026-09-11T10:45:32+00:00","twitter:card":"summary_large_image","twitter:title":"Pr\u00e9mio a Que Custo? A Recupera\u00e7\u00e3o da UNH Enfrenta um Teste na Optum Health - VT Markets","twitter:description":"A UnitedHealth recupera em 2026 com MCR em queda e guidance refor\u00e7ado, mas a venda parcial da Optum Health reacende d\u00favidas: o pr\u00e9mio da a\u00e7\u00e3o s\u00f3 se sustenta se as margens da Optum acelerarem."},"aioseo_meta_data":{"post_id":"53602","title":null,"description":null,"keywords":null,"keyphrases":null,"canonical_url":null,"og_title":null,"og_description":null,"og_object_type":"default","og_image_type":"default","og_image_custom_url":null,"og_image_custom_fields":null,"og_custom_image_width":null,"og_custom_image_height":null,"og_video":null,"og_custom_url":null,"og_article_section":null,"og_article_tags":null,"twitter_use_og":false,"twitter_card":"default","twitter_image_type":"default","twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema_type":"default","schema_type_options":null,"pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":null,"robots_max_videopreview":null,"robots_max_imagepreview":"large","tabs":null,"priority":null,"frequency":null,"local_seo":null,"created":"2026-09-11 10:45:32","updated":"2026-09-11 10:47:37","primary_term":null,"og_image_url":null,"og_image_width":null,"og_image_height":null,"twitter_image_url":null,"schema":{"blockGraphs":[],"customGraphs":[],"default":{"data":{"Article":[],"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"","isEnabled":true},"graphs":[]},"limit_modified_date":false,"ai":null,"breadcrumb_settings":null,"seo_analyzer_scan_date":"2026-09-11 10:47:37","focus_keyword":null,"additional_keywords":null,"truseo_locale":null},"aioseo_breadcrumb":"<div class=\"aioseo-breadcrumbs\"><span class=\"aioseo-breadcrumb\">\n\t<a href=\"https:\/\/www.vtmarkets.com\/pt-eu\" title=\"Home\">Home<\/a>\n<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t<a href=\"https:\/\/www.vtmarkets.com\/pt-eu\/category\/featured\/\" title=\"Featured\">Featured<\/a>\n<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\tPr\u00e9mio a Que Custo? A Recupera\u00e7\u00e3o da UNH Enfrenta um Teste na Optum Health\n<\/span><\/div>","aioseo_breadcrumb_json":[{"label":"Home","link":"https:\/\/www.vtmarkets.com\/pt-eu"},{"label":"Featured","link":"https:\/\/www.vtmarkets.com\/pt-eu\/category\/featured\/"},{"label":"Pr\u00e9mio a Que Custo? A Recupera\u00e7\u00e3o da UNH Enfrenta um Teste na Optum Health","link":"https:\/\/www.vtmarkets.com\/pt-eu\/featured\/premium-at-what-cost-unhs-recovery-faces-an-optum-health-test\/"}],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/pt-eu\/wp-json\/wp\/v2\/posts\/53602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/pt-eu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/pt-eu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/pt-eu\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/pt-eu\/wp-json\/wp\/v2\/comments?post=53602"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/pt-eu\/wp-json\/wp\/v2\/posts\/53602\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/pt-eu\/wp-json\/wp\/v2\/media\/53601"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/pt-eu\/wp-json\/wp\/v2\/media?parent=53602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/pt-eu\/wp-json\/wp\/v2\/categories?post=53602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/pt-eu\/wp-json\/wp\/v2\/tags?post=53602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}