The US Beats Europe — in Wasteful Health Care Spending

When arguing that the US is much richer than Western Europe or other peer nations, there is one class of people who point to measures of gross domestic product (addressed ) and then another, higher, class of people who point to something called actual individual consumption (AIC). This latter group seems to think that AIC paints a truer picture of the difference between these economies and that this picture is even rosier for the United States. This is also wrong.yesterday What Is…