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.