On the minimum wage, the government took great care to limit its potential cost in terms of jobs, for example by setting a lower rate for those aged under 22.

ECONOMIST: The economy

The cost of administration per student soared by 61% in real terms between 1993 and 2007.

ECONOMIST: Schumpeter

It makes sure that we actually start bending the cost curve, controlling the rise in premiums, by instituting better practices in terms of how we reimburse doctors and how we ask hospitals to work together.

WHITEHOUSE: Your Interview with the President