Presented by Incubate, America's medicine cabinet is running out. Researchers are advancing

cures for cancer, Alzheimer's, and more, but the pill penalty is putting progress on pause.

It slaps price controls on pills years earlier than other medicines, stalling investment and denying

hope to millions. Through budget reconciliation, Congress can fix it.

It's time to act and end the pill penalty.

Hey, everybody, it's Anna Palmer from The Daily Punch.

Welcome to our second special edition podcast for The Future of Medicine, a custom project by Punchable News.

We're laying out the state of play, the legislative landscape, hearing from key lawmakers and players in the space, plus the outlook on what's to come.

A big thank you to incubate for making this podcast and product possible.

You can check out the full project at punchbowl. News.

All right, today I'm going to be joined by congressional reporter Max Cohn

to talk about the future of medicine and the legislative landscape.

Of course, this is what Punchable News does

every day inside the Capitol and Max writes. The 2022 Inflation Reduction Act brought sweeping

reforms to government drug pricing with implications for how new medicines enter the market. Many

in the pharmaceutical industry balked at those changes. Now that Republicans are in full control of Washington, the GOP is working to roll back some of the market. Many in the pharmaceutical industry bulked at those changes. Now that Republicans

are in full control of Washington, the GOP is working to roll back some of the IRA provisions

and undoing regulations that critics say will stifle new medical innovations. Max, thanks so much

for joining me. Thanks for having me, Anna. It's great to be here. All right, set the stage for us. Let's go back in time a little bit. The Inflation Reduction Act.

What types of reforms were included in it? And what were Democrats kind of aiming to do with that?

Sure. This was, of course, the big reconciliation bill that Democrats passed in 2022.

Of course, Republicans going through a similar situation now trying to get all

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