Recapping the day's news and newsmakers through the lens of CNBC.
Open enrollment season is getting underway, and employers all over the country are telling the troops that employee health care premiums are going up, generally about 5 to 7 percent. That's practically an annual rite, but this year many employers have found a new way to deflect blame: they lay it on Obamacare. While the typical notice to employees offers no specifics or proof, it's common to cite vague bogeymen like "federally mandated health care changes." One survey showed half the employers acknowledging their premium hikes had nothing to do with the Affordable Care Act, though some cost increases, like coverage for children until they turn 26, clearly are caused by ACA. Over the past decade, employee health insurance contributions have gone up 89 percent—from $2,412 to $4,565 per year.
"Most of the language in open enrollment guides is not specific about the portion of the increases attributable to the Affordable Care Act, allowing companies and insurers to use the new law as an excuse for increases they might have implemented anyway."—CNBC's Scott Cohn