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Obamacare to Push Pizza Prices Higher


Obamacare to Push Pizza Prices Higher

The Patient Protection and Affordable Care Act has been blamed for a  lot of things—higher taxes, potential insurance rate hikes, and now, higher  pizza prices. According to Papa John’s Founder, Chairman and CEO John H.  Schnatter, health-care reform will cost the company an additional 11 cents to 14  cents per pizza.

“We’re not supportive of Obamacare like most businesses in our industry,” Schnatter said in a call to analysts. “But our business model and unit economics  are about as ideal as you can get for a food company to absorb Obamacare.”

Schnatter added that on a corporate basis, the reform  would increase  Papa John’s price per pizza by 15 to 20 cents.

Post Continues on www.foxbusiness.com


Entry #278


sully16Comment by sully16 - August 8, 2012, 5:21 pm
Many companies will be forced to raise prices, many will close.
JAP69Comment by JAP69 - August 8, 2012, 5:52 pm
true sully.
I was just going to say the same thing.
Coin TossComment by Coin Toss - August 8, 2012, 7:03 pm
Yup. This slight increase on the pizza is just very indicative of much larger things to come.
rdgrnrComment by rdgrnr - August 9, 2012, 8:46 pm
Everything he said was a lie
Everything he says is a lie.
Everything he'll say is a lie.

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