In 2021, U.S. healthcare spending reached an astounding $4.3 trillion, or about $12,900 per person, on average – though keep in mind that typically older, sicker, and more insured populations account for most of that spending, not to mention the fact that millions of Americans do not even have healthcare coverage and thus are not included in that average unless they are paying for healthcare out of pocket. If wasteful healthcare spending was eliminated, nearly $1 trillion per year in healthcare costs could be saved, the group says. In 2021, the U.S. spent $1,055 per capita on healthcare administrative costs, which is more than three times what Germany, the second-highest spender on administrative healthcare costs, spends per capita at just $306.