Founder of “Papa John’s Pizza” Says ObamaCare will Increase Prices for Consumers – 8/7/12

I wonder high many stories like this we will see as 2014 approaches if Barack Obama is re-elected President and ObamaCare is fully implemented? Remember, this is just one product. What if everything you purchase increases in price because of ObamaCare? It amounts to a hidden tax on every consumer, from the richest to the poorest.

POLITICO: Pizza chain Papa John’s told shareholders that President Obama’s health care law will cost consumers more on their pizza.

On a conference call last week, CEO and founder John Schnatter (a Mitt Romney supporter and fundraiser) said the health care law’s changes — set to go into effect in 2014 — will result in higher costs for the company — which they vowed to pass onto consumers.

“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.

“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 said. . . . Read More

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