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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. She is currently on leave.
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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.

Your Morning Health Care Roundup: Exeunt Snowe, Republicans

By Megan McArdle
Sep 16 2009, 8:05 AM ET Comment

So Snowe's left the building on health care reform, barring miracle.  That means that the Democrats pass this on a straight party-line vote, if they pass it at all, making the parallels to Social Security reform ever more compelling.  As I thought might happen, the fact that Baucus wants to pay for his bill by taxing high cost health plans has alienated Snowe, since she comes from a state with some of the highest premiums in the country.  Baucus has added a provision to scale the tax to local cost--but of  course, when you do that, you don't raise so much money with it.



I'm reliably informed that the Democrats think they're better off doing this alone than not doing it at all, and so it has to pass.  If so, it will be the first time in history that I can think of that a single party passed anything of this size--certainly not a major new entitlement.  Medicare and Social Security both had considerable Republican votes, something I don't see this time around.

At the very least, this changes the tenor of the debate.  I'm willing to bet that the Democrats start throwing the less popular provisions out of the bill.  If you're going to pass a $1 trillion bill all by your lonesome, you don't want to, say, piss off 25% of seniors who like their Medicare Advantage, even if you and all of your fellow party members hate the program. Unfortunately, the popular bits are the expensive things.  The unpopular parts are where you pay for them.

Luckily for the Democrats, outside of the Concord Coalition, no one votes on deficits.

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