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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.

Mass health

By Megan McArdle
Feb 4 2008, 9:58 AM ET Comment

Paul Krugman says that it's not fair to accuse the Massachussetts health care program of costing $400 million more than originally projected.

The problem is that they’re all wrong. People are confusing an increase in costs that was largely (not completely) anticipated — after all, the plan is supposed to cover more people, and subsidize their coverage — with a cost overrun.

The fact is that the plan does seem to be making a serious dent in the number of uninsured. One thing that has come to light is that there may have been more uninsured people in Massachusetts to start with than previously estimated, so there’s a steeper hill to climb. But claims that it’s all a disaster are based on nothing but bad journalism.


That link to the Healthy Blog post seems extremely misleading. Paul Krugman seems to be claiming that the post proves that the cost was actually mostly anticipated. But it doesn't. The unanticipated cost of $400 million is pretty much a direct quote from the budget, one that seems to be backed up by the statements of the governor and budget officials. The state budget is a byzantine hive of confusingly organized data, but it seems safe to say that the cost overrun portion of the spending growth is now in the hundreds of millions.

The main gist of the post linked by Professor Krugman is that the cost to the state of Massachussetts is less than $400 million, because the Federal government will be kicking in part of the cost. This is, of course, brilliantly irrelevant to any argument over national health care, since the Feds don't have another government to contribute to the kitty.

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