(a)

(1) On or before March 1, 2027, the Department of Finance shall present to the Joint Legislative Budget Committee one or more options for holding the state’s largest corporations accountable for the taxpayer costs of their employees enrolled in the Medi-Cal program (Chapter 7 (commencing with

Section 14000) of Part of Division of the Welfare and Institutions Code).

(2) One of the options presented by the department pursuant to paragraph (1) shall include a premium paid by employers with at least employees to offset the taxpayer costs of their employees enrolled in the Medi-Cal program who are not offered employer health coverage. (

b) Each option presented by the department pursuant to subdivision (

a) shall include all of the following:

(1) Data prepared by the Employment Development Department, the State Department of Health Care Services, or other state departments working in cooperation with the Department of Finance, to show or estimate the number of workers at the state’s largest corporations who are enrolled in the Medi-Cal program, and other available information pertinent to the option.

(2) Proposed statutory language necessary to implement the option drafted by the Legislative Counsel Bureau.

(3) An analysis of the cost of, and timeline for, implementing the option, assuming that the option is enacted into law during the legislative session. (c)

(1) The requirement for submitting a report imposed under subdivision (

a) is inoperative on March 1, 2031, pursuant to

Section 10231.5 of the Government Code.

(2) A report to be submitted pursuant to subdivision (

a) shall be submitted in compliance with

Section of the Government Code. (

d) If the Medicaid program-related provisions of Public Law 119-21, enacted on July 1, 2025, are repealed on or before March 1, 2027, this

section shall not become operative.