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Megan McArdle

Megan McArdle - Megan McArdle is a senior editor for The Atlantic who writes about business and economics. She has worked at three start-ups, a consulting firm, an investment bank, a disaster recovery firm at Ground Zero, and The Economist. More

Megan was born and raised on the Upper West Side of Manhattan, and yes, she does enjoy her lattes, as well as the occasional extra-dry skim-milk cappuccino. Her checkered work history includes three start-ups, four years as a technology project manager for a boutique consulting firm, a summer as an associate at an investment bank, and a year spent as sort of an executive copy girl for one of the disaster-recovery firms at Ground Zero … all before the age of 30.

While working at Ground Zero, Megan started Live From the WTC, a blog focused on economics, business, and cooking. She may or may not have been the first major economics blogger, depending on whether we are allowed to throw outlying variables such as Brad Delong out of the set. From there it was but a few steps down the slippery slope to freelance journalism. She has worked in various capacities for The Economist, where she wrote about economics and oversaw the founding of Free Exchange, the magazine's economics blog. She has also maintained her own blog, Asymmetrical Information, which moved to The Atlantic, along with its owner, in August 2007.

Megan holds a bachelor's degree in English literature from the University of Pennsylvania and an M.B.A. from the University of Chicago. After a lifetime as a New Yorker, she now resides in northwest Washington, D.C., where she is still trying to figure out what one does with an apartment larger than 400 square feet.

One way to think about health care

By Megan McArdle
Oct 16 2007, 7:19 PM ET Comment

Tyler Cowen suggests a number of ways to think about health care spending; more on that later. But here's a metric we might use to compare our various policy options. According to a study that even the New Republic's Jon Cohn admitted he thought was probably exaggerated, being uninsured killed 18,000 people a year this decade. Methicillin-resistant Staphylococcus aureus, on the other hand, apparently kills 19,000 a year.

MRSA is the result of inadequate hygiene in hospitals, and indiscriminate use of antibiotics. Doctors and other medical workers have gotten lazier about hygiene since the invention of antibiotics, in line with other sorts of risk-taking behavior (more than one wag has suggested that the best way to eliminate auto accidents would be to mount a spear on the steering wheel pointed straight at the driver's heart.) They also prescribe antibiotics even when they are not clearly indicated, "just in case" . . . or worse, when they know they won't do any good, but want to get an ignorant and demanding patient out of their office. Third place for blame must, of course, go to the patients who do not finish taking their drug courses, which allows partially resistant bugs to survive and eventually breed highly resistant bugs . . . and what with my awful memory, you can put me in the dock along with almost everyone else.

MRSA is just one of the infections that are thriving in this environment. What would be the cost of a war on infection in hospitals? One suspects it would be a lot less than insuring 44 million people.

This might be one of the items that Tyler suggests libertarians should think about. There's a clear public health cause here, as with vaccines; doctors who prescribe indiscriminately, or people who don't take all their pills, are in fact placing a substantial burden on the rest of the public.

Non libertarians can, of course, go along wishing that we would have national health care and a War on Infection. But it's worth asking yourself: in a world of scarce resources, where you could only have one, which would you choose? And by what principle?

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