Papa John’s CEO, John Schnatter: Obamacare Will Up Pizza Price

August 9, 2012 | By
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The CEO and founder of Papa John’s Pizza wants investors to know that when the president’s health care law takes effect, the price of pizza is going up with it.

According to “Papa” John Schnatter, the cost of providing health insurance for all of his pizza chain’s uninsured, full-time employees comes out to about 14 cents on a large pizza.

“We’re not supportive of Obamacare, like most businesses in our industry,” Schnatter said on a conference call with shareholders last week, as reported by Politico. “If Obamacare is in fact not repealed, we will find tactics to shallow out any Obamacare costs and core strategies to pass that cost onto consumers in order to protect our shareholders’ best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.”

The company would not say how many of its employees are uninsured, but in 2010 the service industry had one of the lowest rates of insured employees.

While Papa John’s as a whole employs 16,500 people, 80 percent of the company’s restaurants are independently owned franchises.

Fact-Checking Papa John’s CEO, John Schnatter

 

 

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Category: COMMERCE, NATIONAL, WELL-BEING

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