Tags: obamacare | pizza | papa | johns

Obamacare Will Ratchet Up Pizza Prices, Papa John’s CEO Says

Tuesday, 07 Aug 2012 05:24 PM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
First there was the politicization of chicken. Now it may be pizza’s turn.
Popular pizza chain Papa Johns waded into the Obamacare debate on Tuesday after telling its shareholders that the healthcare plan will add 11 to 14 cents to every pizza, Politico reported.

The company’s CEO and founder, John Schnatter said changes mandated by Obamacare will force the company to raise pizza prices.

"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 on a conference call, according to Politico.

"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.

Schnatter added, "If Obamacare is in fact not repealed, we will find tactics to shallow out any Obamacare costs and core strategies to pass that cost onto consumers in order to protect our shareholders best interests.”

One Papa John's franchise owner in Texas, Judy Nichols, told Legal Newsline that Obamacare may cost her up to $30,000 extra in taxes.

“I have two options, I can stop offering coverage and pay the $2,000 fine, or I could keep my number of staff under 50 so the mandate doesn't apply.

Obamacare is making me think about cutting jobs instead," she said, according to Legal Newsline.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Amber Vinson's Mother: Nurse Followed Ebola Protocols

Monday, 20 Oct 2014 23:02 PM

The mother of nurse Amber Vinson, the second person to contract the Ebola virus after treating patient Thomas Eric Dunca . . .

O'Reilly: Uneasy Voters Pick Dems Based Only on 'Emotion'

Monday, 20 Oct 2014 22:03 PM

Fox News Channel's Bill O'Reilly says he knows why a majority of Americans say the country is "out of control" but conti . . .

Gov. Jindal: Some Louisianans Must Disclose Ebola Travel Plans

Monday, 20 Oct 2014 21:34 PM

With the White House unwilling to initiate a travel ban to Ebola-stricken countries, Gov. Bobby Jindal says he's forced  . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved