WellCare Health Plans (NYSE:WCG) provides managed care services to Medicare and Medicaid. The key driver of profits for firms in this market is to keep costs low and expand their footprint so that they cover more people. That is exactly what WCG is doing, and it looks likely to have several good years in front of it thanks to several smart acquisitions and the dramatic expansion of Medicaid taking place in 2014 under the Affordable Care Act. This expansion is poised to drive high single digit EPS expansion for the firm for years to come making the company a bargain at today's price of ~15X calendar year EPS (shares are trading at around $71 as of this writing)....
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