CVS Health plans to exit the individual Obamacare health insurance business next year, leaving 1 million people in 17 states looking for new coverage in 2026.

CVS Health (NYSE:CVS) on Thursday announced plans to discontinue operations in the individual health insurance business, also known as Obamacare, next year. The company made the announcement with its Q1 2025 financials,

CVS’s stock surges toward a one-year high after profit and revenue beat expectations, amid strength in the pharmacy business, and the full-year outlook was raised.