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 topics including a review of various contract actions, extensions, and the upcoming fiscal year budget. Personnel updates were provided, noting the departure of the Director of Sales and Outreach. The meeting also included discussions on the stability of California's individual health insurance market, the impact of national policy uncertainties, and the presentation of a study on risk mix. Additionally, the board recognized the organization's public relations achievements, reviewed real stories of consumers impacted by the coverage expansion, and discussed key ingredients to creating a viable individual market.
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