Econ101 for O: Papa John's CEO says Obamacare will raise the Price of your Pizza, come 2014!Submitted by AnCapMercenary on Fri, 08/10/2012 - 17:58
Papa John's CEO Says Health Care Reform Law Will Increase Price of Pizza
In its most recent annual report, Papa John's International Inc. warned of higher costs due to the health care reform law.
By Jerry Geisel
Published: August 9, 2012
Updated: August 10, 2012
Expect to pay more for pizza orders in 2014 when key provisions of the health care reform law go into effect, says Papa John's International Inc. CEO John Schnatter.
"Our best estimate is that 'Obamacare' will cost 11 to 14 cents per pizza," Schnatter said at a shareholders' meeting last week. "Obamacare" is a term often used when referring to the Patient Protection and Affordable Care Act of 2010.
Schnatter said during a conference call that the company's strategy would be to pass the added cost onto consumers to protect the best interests of its shareholders.
Courtesy of Becky Akers @ LRC!
Posted by Becky Akers on August 10, 2012 11:02 AM
You’ll be paying 11–14 cents more per pizza in 2014 "when key provisions of the health care reform law go into effect," according to the “best estimate” from Papa John's.
I’m sure Our insufferably communistic Ruler — or at least his insufferably smug wife — would respond, “You shouldn’t be eating pizza in the first place.”