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.

Parsing the Senate Debate on Health Care

By Megan McArdle
Nov 23 2009, 11:29 AM ET Comment

I spent eight hours this weekend watching the Senate debate on whether to proceed with debating on whether to pass a health care bill.  This was largely a sort of kabuki ritual, since Senate Majority Leader Harry Reid already knew that he had the sixty votes needed to stop a Republican filibuster.  But it tells you what the talking points are on each side, which is going to matter as the debate actually plays out.

The Republican position is fairly incoherent.  The major talking points are these:

  1. This bill uses accounting gimmicks to front load the taxes and back load the spending, which is the only reason it's deficit neutral over the ten year window.
  2. The Democrats are refusing to let cuts to doctor payments stand, and also, doctors don't get paid enough.
  3. Millions of people are going to be added to Medicaid, which is a terrible program because providers don't get paid enough.  Also, it would be too expensive to add people to Medicaid.
  4. Medicare costs too much, and also, shouldn't be cut.
  5. The Republicans favor "real reform" which mostly seems to consist of liability caps.
Somewhat to my surprise, John McCain was on fire, in full on "flaming sword of righteousness" mode.  He was practically shaking with anger as he called out the government for negotiating with the pharma companies, and yelled at the pharmas for raising their prices this year.  Pharma seems to have followed a standard "Memorial Day Sale" strategy--they've raised prices by about 10% this year, in preparation for the deep discounts they'll have to offer in the future.  John McCain thought that this was terrible, and said so, to awkward silence from his colleagues.  They brightened up considerably when he said "Shame on the AARP" for endorsing this plan that does its members no good, accused them of getting paid off, and told people to tear up their AARP cards.  He and Bob Corker were pretty much the high points.  The rest was mostly boilerplate.

Luckily for the Republicans, they weren't exactly playing against the varsity.  The Democrats had their own set of uncompelling talking points:

  1. Insurance companies are evil institutions which deny everyone any care that costs more than a pack of Freedent gum.  Also, they cannot control health care costs without substantial government intervention, because they spend far too much on expensive procedures.
  2. Ted Kennedy sure was a swell guy, wasn't he?  He'd be proud of every dang one of us today.  (It is impossible to exaggerate how great a role this point played.  There was a five minute stretch which consisted largely of people telling Ted Kennedy's replacement that Teddy would be awfully proud of him, and him saying, "No, really, Ted would be proud of you.")
  3. Small- and medium-sized businesses are groaning under the weight of their health care costs.  Also, starting next year, we're going to force them to give you much more generous coverage from your employer, such as coverage for non-dependent "children" up to the age of 26.
  4. This problem is incredibly urgent, which is why we have to pass this bill, which now takes effect in 2014, RIGHT NOW.
The best talking points on both sides were, sadly, anecdotes.  Democrats had the predictable parade of people who were denied coverage for various treatments.  Republicans had doctors who cannot afford to take Medicaid, hospitals which can't survive on Medicare and Medicaid reimbursement levels, and Senator John Barasso, whose wife was diagnosed with breast cancer by a mammogram in her early forties.


Presented by

More at The Atlantic

Why Israel Might Believe Attacking Iran Is Worthwhile Why Israeli Leaders Might Believe Attacking Iran Is Worth the Effort
translating the Bible—Into an E-Book That Works on Any Phone Translating the Bible—Into an E-Book That Works on Any Phone
The Weakening of Nations: How Tax Work-Arounds Undermine Our Society Those Cayman Islands Accounts Will Undermine Our Society
A Western Diet High in Sugars and Fat Could Contribute to ADHD A Sugary, Fatty Western Diet Could Be Contributing to ADHD
Here's What Humbert Humbert Looks Like (as a Police Composite Sketch) Is This What Humbert Humbert Really Looks Like?

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
Special Report
Submit Your Photos of America at Work AP Submit Your Photos of America at Work
Send us your images of friends, family, and neighbors on the job. We'll publish the best. Read more ›
View All Correspondents

The Biggest Story in Photos

The Civil War, Part 3: The Stereographs

Feb 10, 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

Why Companies Fail

GM’s stock price has sunk by a third since its IPO. Why is corporate turnaround so difficult…

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?