CVS · 8-K · 20260805PR000097

Government Membership Growth

CVS HEALTH Corp · 2026-08-05 · Importance 49 · Surprise 32

Health Care Benefits revenue increased 3.5% year over year to $37.5 billion, primarily driven by growth in the Government business. Government premium revenue increased 9.9% to $28.5 billion in the quarter and 10.7% for the first six months, while Medicare Advantage membership reached 4.2 million. Growth was partly offset by CVS Health’s exit from the individual exchange business in 2026. Commercial premium revenue declined 19.7% to $6.6 billion, and total medical membership was 26.0 million versus 26.7 million a year earlier.

Key facts

• Health Care Benefits total revenues increase of 3.5% for Q2 2026 was primarily driven by an increase in the Government business and partially offset by exit of the individual exchange business in 2026 source
• Health Care Benefits total medical membership as of June 30, 2026: 26.0 million (26.0), a decrease of 0.7 million versus June 30, 2025 source
• As of June 30, 2026, CVS Health’s pharmacy benefits manager had approximately 87 million plan members source
• CVS Health serves an estimated 37 million people through a broad range of health insurance products and related services source