CVS Health delivered first-quarter results that beat Wall Street expectations, but said its Aetna unit plans to withdraw next year from the Affordable Care Act exchange business, where the insurer is losing money. Improvements in Aetna’s results, which were a drag on CVS’s earnings last year, helped buoy the company’s first-quarter performance. CVS’s healthcare-benefits segment reported adjusted operating income of about $2 billion, up from $732 million a year earlier. Aetna offers ACA health plans in 17 states, and has around a million enrollees. It has been ringing up losses on the business, said CVS Chief Executive David Joyner in an interview. “I don’t see a pathway for us to address and/or solve that in the near or even the longer term,” he added.
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Source: https://www.wsj.com/business/earnings/cvs-health-cvs-q1-earnings-report-2025-3f9621e5