S&P: Graham-Cassidy Will Cost Half a Million Jobs

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Here is S&P’s estimate of how the Graham-Cassidy health care bill would affect the economy:

580,000 lost jobs and $240 billion in lost economic activity by 2027, ensuring that the GDP growth remains stuck in low gear of around 2% at best in the next decade.

So here’s the nickel summary. Graham-Cassidy is—literally—opposed by every single constituency in the health care industry. That includes doctors, nurses, hospitals, patient advocates, and pharmaceutical companies. It is wildly unpopular, polling around 20 percent approval. The Republican base isn’t clamoring for it. It would leave more than 20 million people uninsured without saving very much money. It would remove protections for pre-existing conditions. And it would cost the country 580,000 jobs, tanking the economy for the next decade.

And yet Republicans are still trying to pass it. Can anyone explain why?

 

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We just wrapped up a shorter-than-normal, urgent-as-ever fundraising drive and we came up about $45,000 short of our $300,000 goal.

That means we're going to have upwards of $350,000, maybe more, to raise in online donations between now and June 30, when our fiscal year ends and we have to get to break-even. And even though there's zero cushion to miss the mark, we won't be all that in your face about our fundraising again until June.

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