To enhance the limited degradability of poly(ethylene glycol) (PEG), a straightforward method of synthesizing poly[(ethylene glycol)‐co‐(glycolic acid)] (P(EG‐co‐GA)) via a ruthenium‐catalyzed, post‐polymerization oxyfunctionalization of various PEGs is developed. Using this method, a set of copolymers with GA compositions of up to 8 mol% are prepared with minimal reduction in molecular weight (<10%) when compared to their commercially available starting materials. The P(EG‐co‐GA) copolymers are shown to undergo hydrolysis under mild conditions.