The Price of Obamacare and the Economic Collapse

[Mark]

Papa John’s Founder To Raise Price Of Pizza Due To ‘Obamacare’

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Schnatter later added: “If Obamacare is in fact not repealed, we will find tactics to shallow out any Obamacare costs and core strategies to pass that cost onto consumers in order to protect our shareholders best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,”

According to Pizza Marketplace, there are nearly 4,000 Papa John’s restaurants in all 50 states and 33 countries.

Schnatter, a Romney supporter, held a private fundraiser for the GOP presidential candidate at his Kentucky home in April.

http://washington.cbslocal.com/2012/08/08/papa-johns-founder-to-raise-price-of-pizza-due-to-obamacare/

[Kilika]

to pass that cost onto consumers in order to protect our shareholders best interests,”

So there you go! They are more concerned about the shareholders than they are about their own customers, who put money in the pockets of shareholders! If it weren't for the customers, there would be no shares to hold! That's some really messed up thinking.

[Mark]

So there you go! They are more concerned about the shareholders than they are about their own customers, who put money in the pockets of shareholders! If it weren't for the customers, there would be no shares to hold! That's some really messed up thinking.

Its going to be like that for any business. We are a capitalist nation, im just pointing out how every company out there is just going to pass all of this on to the customer. He says 14 cents, im guessing that is just a starting point, as he hasnt had any cost increase passed on to him yet, to which he will pass on to his customers.