ObamaCare Fallout: Higher Papa John's Pizza Prices

CEO estimates an extra 11 to 14 cents per pizza
By Evann Gastaldo,  Newser Staff
Posted Aug 8, 2012 7:15 AM CDT
ObamaCare Fallout: Higher Papa John's Pizza Prices
Papa John's Founder and CEO John Schnatter heads off on a Road Trip across the country in search of the 1972 Camaro Z28 he sold 25 years ago to start the business. Papa John's now has more than 3,400 restaurants in all 50 states and 29 countries.   (Photo: Business Wire)

ObamaCare may bring health insurance to the masses, but it will also bring them higher Papa John's pizza prices, Politico reports. In a conference call last week, CEO John Schnatter—a Mitt Romney supporter—revealed that should the Affordable Care Act go into effect in 2014 as scheduled, it will drive up the company's health-care costs ... which Papa John's will pass right along to its customers. The damage? An estimated "11 to 14 cents per pizza, or 15 to 20 cents per order."

"If ObamaCare is in fact not repealed, we will find tactics to ... pass that cost onto consumers in order to protect our shareholders' best interests," explained Schnatter. Papa John's is the nation's third-largest pizza takeout and delivery chain, the Huffington Post notes, and the health care law will require it to insure more of its 16,500 employees or pay a fine. Click for more, including how much ObamaCare will cost McDonald's. (More Papa John's stories.)

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