The President of the Greater New York Chamber of Commerce suggested that the higher labor cost could be offset byeliminatingwaste in other aspects of the business.
If we restrain costs byeliminatingwaste and inefficiency, we can have the same real amount of health care with resources left over to produce other things that we value.
Some things that weren't noted or didn't get a lot of attention: You reformed defense spending byeliminatingwaste, and saved taxpayers billions while keeping us safe at the same time.
Process reengineering takes many forms--notably the Six Sigma philosophy popularized by former General Electric (nyse: GE - news - people ) Chief Jack Welch --but the general idea is that by minimizing mistakes and eliminatingwaste, the performance of the company will improve.
At the same time, the company cut waste and pollution (by more than half, according to most measures) and claims to be on track to eliminating its waste and pollution by 2020.
By holding underperforming IT projects accountable, we are identifying efficiencies and eliminatingwaste to deliver better technology solutions sooner, and at a lower cost.