Law360, New York ( June 30, 2014, 6:22 PM EDT) -- During the 2008 presidential campaign, Sen. John McCain, R-Ariz., offered his own version of health care reform; he proposed to eliminate the tax exemption that employers receive when they pay insurance premiums on behalf of their employees. As a matter of economic policy, his proposal was a sensible one. The tax exemption is a relic of World War II price controls, and economists agree that it distorts the market and encourages the over-use of health care resources....
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