In this episode, we sit down with Tracy Watts, senior partner, national leader for U.S. Health Care Policy at Mercer. The wide-ranging discussion includes her thoughts on all the noise coming out of Washington D.C. right now to a few of the innovative benefits design strategies and ideas she’s watching most closely right now.

On July 4, 2025, President Donald Trump signed the long-awaited — and debated — One Big Beautiful Bill. Here’s what changed, what didn’t, and what to expect in 2026 and beyond.

The news comes as the administration is pushing for pharmaceutical manufacturers reshore drug production in the United States.