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The benefits curbs will release savings worth more £1.9bn by 2015-16.
Greater integration of services across primary and secondary health and social care could release savings and improve quality.
Millions of people will be able to rent homes rather than having to buy, which will release savings for investment in small businesses.The other necessary change is to allow institutional investment, including foreign money, to flow into housing.
This exaggerates America's importance: its trade plays a decisive role only for a few other countries (such as Mexico), and as it is a capital importer, a downturn there ought to release savings for others to tap.
The Better Care Fund is partly funded by the Department of Health, which was to have contributed £1.9bn from the £40bn hospital budget from next April in the belief that it would release savings to compensate for the money transferred from the NHS.
The Scottish government said the independently-verified report illustrated that SFT had met its financial target to release savings of between £100m and £150m a year for the third year in a row.
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The health select committee found that the reforms created "disruption and distraction", which hindered the development of "truly effective ways of reforming service delivery and releasing savings".
Its report argues that although most progress made by the government IT community over the last year has been in those areas where savings are easily quantified – specifically in contract renegotiations – a focus on cost should not come at the expense of innovation or expenditure that actually releases savings elsewhere.
"Although it may have facilitated savings in some cases, we heard that it more often creates disruption and distraction that hinders the ability of organisations to consider truly effective ways of reforming service delivery and releasing savings".
The last Labour government attempted to release efficiency savings by creating a network of regional fire control rooms.
Fifth, in order to release significant savings, the number of hospital admissions prevented would need to reach a critical mass, so as to facilitate the closure of beds or wards.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com