Wednesday, August 8, 2012

Papa John’s Pizza CEO: We Are Raising Pizza Prices Due to the Cost of ObamaCare




New post on Scotty Starnes's Blog

Papa John's Pizza CEO: We Are Raising Pizza Prices Due to the Cost of ObamaCare

by Scotty Starnes

Prices are going up due to Obama

As most of us already knew, ObamaCare is going to add to the deficits, cause Americans to lose their insurance plans and will cause employers to end their employer-paid health care benefit plans and increase unemployment. Not to mention that these added costs these companies endure will be passed back onto consumers (taxpayers).

From HuffPo:

After President Obama's health care law takes full effect, the slogan for national pizza chain Papa John's may need an update. Instead of, "Better ingredients. Better Pizza," may we suggest, "Better health care. Pricier pizza."

Typical HuffPo spinning for the President. Rationed, more expensive health care isn't "better health care." All one has to do is look to Canada and the UK to see the results of "better health care" provided by the government.

Papa John's CEO John Schnatter says thatObamacare will result in a $0.11 to $0.14 price increase per pizza, or $0.15 to $0.20 cents per order, Pizza Marketplace, a trade publication, reports. (Hat tip: @dkberman via Twitter.)

Under Obamacare, the company, which is the third-largest pizza takeout and delivery chain in the United States, will have to offer health care coverage to more of its16,500 total employees or pay a penalty to the government.

It's a tax, not a penalty. The Supreme Court said so. More spinning by HuffPo.

The National Restaurant Association pointed out following the health care law's Supreme Court approval that it may adversely affect restaurants' ability to maintain already slim profit margins because it requires companies of more than 50 employees to provide affordable health insurance.

One Papa John's franchise owner in Texas, Judy Nichols, says the law could interfere with her ability to open more restaurants.

"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," she told Legal Newsline. Nichols added that the law may cost her between $20,000 to $30,000extra in taxes. "Obamacare is making me think about cutting jobs instead," she said.

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