jimnyc
08-08-2012, 06:51 PM
I said this about Obamacare as the same as I said about raising taxes on major companies, or even medium sized businesses. They are not going to simply sit back and eat the losses. When their profit margin goes down, they will think of a new way to recoup those losses. Increase their taxes, or cost them more money via health insurance, they increase costs to the consumer to make up the difference.
Papa John’s Founder To Raise Price Of Pizza Due To ‘Obamacare’WASHINGTON (CBSDC) — Papa John’s warns it will have to raise the price of its pizzas due to President Obama’s health care law.
John Schnatter, CEO and founder of Papa John’s, said pizza will cost up to 14 cents more when the Affordable Care Act goes into effect in 2014.
“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,” Schnatter said in a conference call during last week’s shareholder’s meeting, according to Politico.
Schnatter later added: “If Obamacare is in fact not repealed, we will find tactics to shallow out any Obamacare costs and core strategies to pass that cost onto consumers in order to protect our shareholders best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,”
http://washington.cbslocal.com/2012/08/08/papa-johns-founder-to-raise-price-of-pizza-due-to-obamacare/
Papa John’s Founder To Raise Price Of Pizza Due To ‘Obamacare’WASHINGTON (CBSDC) — Papa John’s warns it will have to raise the price of its pizzas due to President Obama’s health care law.
John Schnatter, CEO and founder of Papa John’s, said pizza will cost up to 14 cents more when the Affordable Care Act goes into effect in 2014.
“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,” Schnatter said in a conference call during last week’s shareholder’s meeting, according to Politico.
Schnatter later added: “If Obamacare is in fact not repealed, we will find tactics to shallow out any Obamacare costs and core strategies to pass that cost onto consumers in order to protect our shareholders best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,”
http://washington.cbslocal.com/2012/08/08/papa-johns-founder-to-raise-price-of-pizza-due-to-obamacare/