Skip Navigation
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.

If we only had socialized medicine . . .

By Megan McArdle
Nov 12 2008, 5:26 PM ET Comment

I'm getting a lot of comments claiming that the real problem is the lack of universal health care in the US.  How can GM and Ford possibly compete with German and Japanese companies whose employee healthcare is paid for by the government?

Well, you're right, they can't.  That's because there are no German or Japanese auto companies whose employee healthcare is paid for by the government.  Both countries have a government-regulated system of employer-provided healthcare.

Moreover, this ignores the fact that insofar as health care is the fundamental problem here, the problem is with retiree health care, not health care for current workers.  In other words, with people who are already mostly covered by America's universal healthcare system, Medicare.

Why have the Big Three provided extremely expensive health benefits for retirees for decades, when there was a really very generous government program available?  Because that's what the union wanted, and it had enough muscle to get it.  Unless you actually do as Canada has done, and make private health plans illegal, there is nothing in a system of universal health care that prevents employees from asking for more generous benefits than the government provides.  Which means that moving to universal health care will do exactly nothing.  If the union can extract value in the form of expensive health benefits, it can extract that value in the form of cash, job security promises, beefier pension funds, or whatever it thinks the membership wants most.


Presented by

More at The Atlantic

Facebook's 10 Most Serious Threats, According to Facebook Facebook's Future: What Could Go Wrong?
The Amazing Adventures of Iran's Cardboard Cutout Ayatollah The Amazing Adventures of Iran's Cardboard Cutout Ayatollah
A Beloved Film Studio Rises From the Dead for 'The Woman in Black' A Beloved Film Studio Rises From the Dead for 'The Woman in Black'
Susan G. Komen Reverses Course, Will Allow Planned Parenthood Funding Susan G. Komen Reverses Course
U.S. Press Freedom Fell 27 Places Last Year to 47th in the World U.S. Press Freedom Is Now 47th in the World

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register.
blog comments powered by Disqus
View All Correspondents

The Biggest Story in Photos

Afghanistan: January 2012

Feb 3, 2012

Subscribe Now

SAVE 59%! 10 issues JUST $2.45 PER COPY

Facebook

Newsletters

Sign up to receive our free newsletters

(sample)

(sample)

(sample)

(sample)

Megan McArdle
from the Magazine

The Graduates

Busted banking careers, crashed consultants, and shrunken incomes: the author attends her 10-year…

Romney’s Business

The Republican contender touts his business experience—but does it really matter?

Peter Thiel

A Silicon Valley investor backs a new breed of college dropouts