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Obamacare Pushes Up The Price Of Pizza

August 10, 2012 by  

Obamacare Pushes Up The Price Of Pizza
PHOTOS.COM
Papa John’s CEO John Schnatter believes Obamacare will cut into his profits.

Papa John’s is anticipating the effects of Obamacare. The CEO of the popular pizza place believes it will have to raise its prices.

CEO and founder “Papa” John Schnatter says that Obamacare will result in more expensive pizzas. If Schnatter supplies healthcare to all of his uninsured full-time employees, the restaurant will have to increase prices to make up the difference.

“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 during a conference call last week, as reported by 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 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 “If Obamacare is in fact not repealed, we will find tactics to shallow out any Obamacare costs and core strategies to pass that cost onto consumers in order to protect our shareholders [sic] best interests.”

Bryan Nash

Staff writer Bryan Nash has devoted much of his life to searching for the truth behind the lies that the masses never question. He is currently pursuing a Master's of Divinity and is the author of The Messiah's Misfits, Things Unseen and The Backpack Guide to Surviving the University. He has also been a regular contributor to the magazine Biblical Insights.

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