» News
Papa Johns: ‘ObamaCare’ Will Raise Pizza Prices
Papa Johns: ‘Obamacare’ will raise pizza prices
By BYRON TAU, Politico
Pizza chain Papa Johns told shareholders that President Obama’s health care law will cost consumers more on their pizza.
On a conference call last week, CEO and founder John Schnatter (a Mitt Romney supporter and fundraiser) said the the health care law’s changes — set to go into effect in 2014 — will result in higher costs for the company — which they vowed to pass onto consumers.
“Our best estimate is that the Obamacare will cost 11 to 14 cents per pizza, or 15 to 20 cents per order from a corporate basis,” Schnatter said.
“We’re not supportive of Obamacare, like most businesses in our industry. But our business model and unit economics are about as ideal as you can get for a food company to absorb Obamacare,” he said.
Maudie N Mandeville
August 8th, 2012
“which they vowed to pass onto consumers.” By God, we’re going to pass this cost increase onto you consumers!!
Written by Politico, why would you expect anything other than a basic lack of economic common sense?
Dr. Tar
August 8th, 2012
I give Mr. Schnatter credit for not dumping the employee’s health insurance altogether and putting them into the government insurance (one payer) plan.
Its a blow for freedom not to leave your employees in the lurch over health insurance.
WE MISS CLAUDIA'S CRITTERS?
August 8th, 2012
Piss on Pizza… What about that $3.80 regular gas today??? Apparently nobody in the media has noticed the .80c spike in gas prices within the last month or so!!! WTF???