Will Health-Care Stocks Outperform Again in 2015?

The video discusses the outlook for 2015, focusing on sector performance and the impact of coverage expansion under the Affordable Care Act (ACA). It highlights the importance of sustainable margins in commercial, Medicare, and Medicaid businesses. The discussion also covers political uncertainties surrounding the ACA and potential risks to insurers. The video concludes with an assessment of Medicaid-related risks, noting that Medicaid names are currently underearning compared to historical levels.

What risks do insurers face according to the discussion?

What is the speaker's perspective on the profitability of Medicaid names?