Among the dozen plus bills that Gov. Brian Kemp vetoed after the 2023 legislative session, one piece of legislation would have provided nearly 500,000 state employees with the opportunity to utilize health savings accounts, commonly referred to as HSAs.
HSAs function like a debit card to use pre-tax dollars for health expenditures such as deductibles and copayments, but plans also cover “everyday” medical needs such as ibuprofen or allergy medicine. They even cover qualified long-term care services for those planning for retirement. These funds not only roll over from year to year, but are personal accounts and completely transfer with the individual, even after a change in jobs.
The Foundation has long championed HSAs as one path to greater financial security and individual choice in healthcare.
So why was this bill vetoed after near unanimous passage out of the General Assembly?
Read In Defense of HSAs
Friday’s Freshest
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Economy
Hyundai and LG announce plant to build batteries for electric vehicles in Georgia
Hyundai Motor Group and LG Energy Solution announced Thursday they will build a $4.3 billion electric battery plant as part of Hyundai’s new electric vehicle assembly plant in southeast Georgia. The companies will split the investment, starting production as soon as late 2025.
Tourism industry leaders predict strong summer season
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Education
Medical College of Georgia expanding into Savannah
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Government accountability
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Housing
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Quotes of the Week
“A broader reading of history shows that appeasement, no matter how it is labeled, never fulfills the hopes of the appeasers.” – Ronald Reagan
“A man that flies from his fear may find that he has only taken a shortcut to meet it.” – J.R.R. Tolkien
“If you would learn what the human race really is at the bottom, we need only observe it in election times.” – Mark Twain