From WPTV: A day after Barack Obama earned a second term in the White House, Papa John's founder and CEO John Schnatter
said the president's signature health-care reform law would increase
his business costs and possibly result in employees' hours being cut.
Schnatter,
a part-time Naples resident, made the comments Wednesday night inside a
small auditorium at Edison State College's Collier County campus. In
August, he made national headlines after telling shareholders the
Affordable Care Act — commonly known as Obamacare — would result in a
10- to 14-cent increase for customers buying a pizza.
"I got in a
bunch of trouble for this," he told the students. "That's what you do,
is you pass on costs. Unfortunately, I don't think people know what
they're going to pay for this."
Schnatter, a Mitt Romney
supporter and fundraiser, said he was not "pro or against" the reform
law but likened the government's involvement in health care to its
operation of the U.S. Postal Service, saying "the worst entity in the
world for running the thing is the government."
About a third of
Papa John's employees are covered by the company's health insurance
plan, although Schnatter said he has always wanted 100 percent of them
on the plan. The rising costs of health insurance, he said, have been a
deterrent.
"The good news is 100 percent of the population is
going to have health insurance. We're all going to pay for it," he said,
estimating the new law would cost the business $5 million to $8 million
annually.
Under the Affordable Care Act, full-time employees —
those working 30 hours or more per week — would have to be provided with
insurance at companies with more than 50 workers. Schnatter said it was
likely that some franchise owners would reduce employees' hours in
order to avoid having to cover them.
Subscribe to:
Post Comments (Atom)
If Papa John could pay for all of his employee's health care by adding pocket change to the price of each pizza, that's a really sweet deal. A smart owner could make a whole campaign of it, and even padded the profits. "For a quarter a pie, you'll ensure that all of our employees, from the cooks to the delivery drivers, will be able to have health care."
ReplyDeleteThere isn't a single lost sale for a pizza that costs an extra 14 cents. John is doing more damage to his brand squawking about this than if he just tacked on the 14 cents.
i think everyone who voted obama back in can thank ones self why cry now nov.6th was the time to stop it now it is a done deal... thank you i didn't vote the 1st time and sure didn'the 2nd term.america had a chance to bring change... didn't listen to what romey/ryan really said he wasn't going to raise middle class but would leave the wealthy at the rate they were. those who want to not work should have welfare removed and those who truely can't find jobs need help but where are the jobs? so who can afford to go to the doctor let alone have insurance?obamacare is bring america down aren't you glad that you are being taxed to death to support the lazy who party on tax money after all they get free insurance off your tax dollars. dumb really dumb when all jobs are gone then what who can afford to eat let alone buy pizza oh those on welfare can not the ones who work or trying to hold on to a busness failing.
ReplyDeleteMaybe adding a few cents could help although insurance is a bit more than a few cents added.Take home pay also counts for the worker.Alotto account for goes into running a bussiness more than just a few cents per pizza.
ReplyDeleteJamie, when you go shopping, does price make a difference? At least some of the time? Do you sometimes buy generic rather regular brand? Maybe you don't but many people do and if they get the same product at a lower price, even if it is a quarter, it will make a difference.
ReplyDeleteAnd advertising this? Only if you want to lose your conservative customers.