John Schnatter, CEO of Papa John’s Pizza, recently warned Americans that the Affordable Care Act [Obamacare] will result in price increases for pizza, reports Politico.com.
Schnatter said: “Our best estimate is that the Obamacare will cost 11 to 14 cents per pizza, or 15 to 20 cents per order from a corporate basis.”
Schnatter, who is a Mitt Romney supporter, added: “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.”
"If Obamacare is in fact not repealed, we will find tactics to shallow out any Obamacare costs and core strategies to pass that cost onto consumers in order to protect our shareholders best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."
Schnatter made no mention about his employees being covered by insurance and getting better health coverage under Obamacare.