California SB177 requires the Department of Finance to develop options for large corporations to cover Medi-Cal costs for their employees.

California SB177, known as the Fair Share from Big Corporations Act, mandates the Department of Finance to present options to the Joint Legislative Budget Committee by March 1, 2027. These options aim to ensure that large corporations cover the costs of their employees enrolled in Medi-Cal, California's Medicaid program. The bill responds to concerns about the financial impact of federal tax cuts on state budgets and the reliance of big corporations on taxpayer subsidies for employee health insurance. The act includes an appropriation of $10,000 from the state General Fund for implementation.

California SB177 requires the Department of Finance to develop options for large corporations to cover Medi-Cal costs for their employees.

California SB177, known as the Fair Share from Big Corporations Act, mandates the Department of Finance to present options to the Joint Legislative Budget Committee by March 1, 2027. These options aim to ensure that large corporations cover the costs of their employees enrolled in Medi-Cal, California's Medicaid program. The bill responds to concerns about the financial impact of federal tax cuts on state budgets and the reliance of big corporations on taxpayer subsidies for employee health insurance. The act includes an appropriation of $10,000 from the state General Fund for implementation.