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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.

What is Claire McCaskill Saying, Exactly?

By Megan McArdle
Dec 14 2009, 3:39 PM ET Comment

In the brouhaha over Lieberman, I haven't seen much attention paid to this, from Missouri's Claire McCaskill:

"The whole reason we're doing this bill is to bring down cost, first for the American people in health care, and secondly for the deficit," said Democratic Sen. Claire McCaskill of Missouri. "So until we get the numbers back from the Congressional Budget Office, we're all on hold."

Asked if she would vote against the bill if it raised health care costs overall, she said, "Absolutely."

But what does she mean by costs?  If she means spending, she just announced that she's voting against it, because that's the one thing everyone agrees that every bill does; if you want to cover more people, you have to spend more money.  Does she mean the rate of cost inflation?  Government spending?  Insurance premiums?  The health care portion of the budget deficit?  Only a few of them give you a yes vote; the others all say "No."  There seems to be a lot of speculation that she's paving the way to back out if this thing gets any more unpopular.

If that happens, the game's over.  Democrats might be able to replace one missing member.  Two would be nearly impossible.  And three would mean passing a bill whose primary feature is tort reform.

On the other hand, this bill has been declared dead--and inevitable--a dozen times or more.  Covering health care may be time consuming, but it's certainly not dull . . .



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