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’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.

Nearly a million people in 17 states face losing healthcare coverage after Aetna's parent company announced it would leave the federal insurance marketplace, created under the Affordable Care Act during the Obama administration.