S&P: Graham-Cassidy bill would cost 580K jobs

S&P: Graham-Cassidy bill would cost 580K jobs
© Greg Nash

The latest ObamaCare repeal bill would hurt the economy and reduce coverage levels, according to a new report released Monday.

The S&P Global Ratings report found that the bill, sponsored by GOP Sens. Lindsey Graham (S.C.) and Bill Cassidy (La.), would reduce coverage levels among those making between 133 percent and 400 percent of the federal poverty line, or between $16,040 and $48,240 for an individual.

Some eligible for the traditional Medicaid program may also lose coverage, S&P says.

The ratings agency also found the bill could cost about 580,000 jobs and…

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