Covered California FY2026-27 Budget
Covered California's approved operating and capital budget for fiscal year 2026-27, the legal budget of record.
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Covered California's approved operating and capital budget for fiscal year 2026-27, the legal budget of record.
The board meeting agenda includes closed sessions for personnel and contract matters, as well as formal board action items regarding committee appointments. The executive director will present updates on state and federal policy, legislative affairs, and data and research. Key policy and action items involve the proposal of the fiscal year 2026-2027 budget, design of the 2027 state premium subsidy program, revised 2027 standard benefit designs, and proposed regulations for enrollment assistance and eligibility.
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This document outlines Covered California's proposed operating and capital budget for fiscal year 2026-27, detailing resource allocation, financial management, and an enrollment forecast extending through fiscal year 2031-32. It emphasizes a transition to a strategic budgeting approach to align investments with organizational priorities, sharpen focus on outcomes, and respond to dynamic economic and policy changes. Key strategic objectives include maintaining financial stability, enhancing consumer affordability and experience, ensuring robust technology infrastructure, and strengthening outreach and program integrity. The overarching goal is to increase the number of insured Californians, improve healthcare quality, lower costs, and reduce health disparities through an innovative marketplace.
The board meeting covered several key discussion topics. The executive director provided updates on open enrollment progress, detailing record enrollment numbers and the successful marketing campaign. Legislative updates were discussed, including the governor's state budget proposal, federal spending bill implications on Medicaid continuous coverage, and federal regulatory updates regarding the marketplace. Administrative updates included staff transitions and the recruitment process for a new chief medical officer. Additionally, the board prepared for upcoming policy discussions, including the qualified health plan contract and certification process, and planning for the end of Medicaid continuous coverage.
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