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News: A new report on health savings accounts is dropping today.

GAO: HSAs favor higher-income groups

News: A new report on health savings accounts is dropping today.

Expect Democrats to seize on it to make their case against the tax-advantaged accounts as a solution to the Obamacare cliff. Some Republicans are pushing to scrap the expiring enhanced subsidies for ACA plans and provide funding through HSAs instead. But Democrats aren’t sold.

The U.S. Government Accountability Office analysis says HSAs for high-deductible plans have been more beneficial to higher-income groups and those in excellent or very good health.

Ways and Means Committee Ranking Member Richie Neal (D-Mass.) requested the report. Neal called HSAs “just another tax break for the wealthy.”

Also, Rep. Sharice Davids (D-Kan.) is leading dozens of House Democrats calling on Speaker Mike Johnson to hold a vote on whatever health care product the Senate passes.

Special Election. MAGA Inc., a pro-Trump group, just poured a ton more money into a special election in a deep-red Tennessee district — a sure sign Republicans are growing nervous about the race.

The group’s total investment hit $1 million yesterday, per FEC filings. It is spending on TV ads, text messages and GOTV efforts to boost Army veteran Matt Van Epps. He faces Democratic state Rep. Aftyn Behn in the Dec. 2 special.

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Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.

Presented by Apollo Global Management

Over the next decade, over $75 trillion is needed to modernize US industries. Apollo is stepping up with investments to power infrastructure, energy and technology for America’s next chapter. Learn more.