Plain English Breakdown
The official text contains conflicting information regarding which department receives the $10,000 appropriation (listing both Employment Development Department and Department of Finance), so the summary states funds are for agencies generally.
Medi-Cal Fair Share from Big Corporations Act
This law creates an act requiring state agencies to study and propose options for holding large corporations accountable for Medi-Cal costs of their employees, unless specific federal laws are repealed first.
What This Bill Does
- Creates the Fair Share from Big Corporations Act as a new legal framework.
- Requires the Department of Finance to present one or more options by March 1, 2027, on how large corporations can be held accountable for employee Medi-Cal costs.
- Directs the Employment Development Department to establish the Fair Share Premium from Big Corporations Program by May 1, 2027.
- Sets a start date for the new program no earlier than January 1, 2028.
- Provides $10,000 from the General Fund to help agencies implement these rules.
Who It Names or Affects
- The Department of Finance
- The Employment Development Department
- Large corporations in California with employees enrolled in Medi-Cal
Terms To Know
- Medi-Cal
- A state program that gives health care benefits to qualified low-income people.
- General Fund
- The main account where the state keeps money for its operations and programs.
Limits and Unknowns
- All actions in this bill stop if specific federal Medicaid laws are repealed by March 1, 2027.
- The exact rules for how corporations will pay have not been written yet; agencies must first present options to lawmakers.