Bill > AB177

This bill establishes the "Fair Share from Big Corporations Act" to hold large corporations accountable for the costs of their employees enrolled in the Medi-Cal program, appropriating $10,000 from the General Fund to the Department of Finance for implementation. * The Department of Finance is required to present options by March 1, 2027, to the Joint Legislative Budget Committee for making large corporations accountable for Medi-Cal costs incurred by their employees. One option must include a premium for employers with at least 250 employees whose workers are enrolled in Medi-Cal and are not offered employer health coverage. This requirement is contingent on federal Medicaid provisions from Public Law 119-21 not being repealed before March 1, 2027. * The Employment Development Department was to establish a "Fair Share Premium from Big Corporations Program" by May 1, 2027, with operations commencing no earlier than January 1, 2028. This provision is also contingent on the federal law not being repealed. * The bill appropriates $10,000 from the General Fund to the Department of Finance for the implementation of the Fair Share from Big Corporations Act. * The reporting requirements for the Department of Finance are set to become inoperative on March 1, 2031.