For a second straight year, the nation’s largest health insurance companies will not be formally presenting at January’s J.P. Morgan Healthcare Conference, the industry’s premier investor event.

Centene, Cigna, CVS Health, Humana, Molina Healthcare, and Oscar Health are not on the initial agenda for the 2026 conference, even though they were mainstays in prior years. UnitedHealth Group and Elevance Health also are not attending, but they usually don’t.

Many in the health care industry have soured on JPM’s gathering in recent years. The conference is always held in the same, jam-packed hotel in San Francisco’s Financial District, where the streets are also crowded and nearby hotels regularly run thousands of dollars per night. Many attendees go to offsite meetings in the surrounding area.

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