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Papa John's Pizza To Raise Prices Because Of Obamacare, CEO John Schnatter Says

What people miss is that papa johns could leave their prices right where they are and still make a mint. Like the small business owner who makes half a mil........why would he cry if he only made 450k? **** em.

Yeah! **** THOSE GUYS!

REDISTRIBUTE THE WEALTH MAAAAAAN!!!!

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IMO, this will be the first of many price hikes on goods and services we will all have to pay to foot the bill for Obamacare.
 
If 14 cents keeps thousands of people from using the insanely expensive ER room as their primary physician it is some footing worth doing... :peace
 
A buck or two.

Lets assume we are talking about a $12 pizza.
Two Bucks is approximately a 16% increase in product cost to the consumer.

Now add 16% to ALL of your product purchases as well as all of your service fees (haircut, dry cleaner, etc, etc).

Does that sound like fun yet?

Do you know what the price of a $10 pizza was in the mid 90's?

Hint: It's the same as it is now, just made with cheaper ingredients.
 
Do you know what the price of a $10 pizza was in the mid 90's?

Hint: It's the same as it is now, just made with cheaper ingredients.

That didn't answer the question.

Does a 16% increase in all your living costs sound like fun yet?
 
IMO, this will be the first of many price hikes on goods and services we will all have to pay to foot the bill for Obamacare.

I'm sure it will have a bigger effect than gas prices have had. :roll:
 
That didn't answer the question.

Does a 16% increase in all your living costs sound like fun yet?

No, it does not sound like fun. It's a good thing that Obamacare won't effect companies that already offer health insurance.
 
Yeah! **** THOSE GUYS!

REDISTRIBUTE THE WEALTH MAAAAAAN!!!!

images

I'm too old to spend another 15 minutes believing humans can be converted into unicorns. May we move on, please?

BTW, that's not what that symbol means. Black Power had nothing to do with communism, silly.
 

I really appreciate this, ttwtt. I used to have a con law buddy who kept me apprissed of new rulings but I am lazy and don't do much court-watching on my own. Last time I looked, I did not expect the decision to come out this summer, and I sure as hell did not expect any portion of Obamacare to be upheld.

This decision deserves a thread of its own. Will you start one?

Either way, thanks again. That was most kind of you.
 
I really appreciate this, ttwtt. I used to have a con law buddy who kept me apprissed of new rulings but I am lazy and don't do much court-watching on my own. Last time I looked, I did not expect the decision to come out this summer, and I sure as hell did not expect any portion of Obamacare to be upheld.

This decision deserves a thread of its own. Will you start one?

Either way, thanks again. That was most kind of you.

It has been beaten to death shortly after the ruling came out, remants of the discussion may remain under the constitution forum.
 
I'm sure it will have a bigger effect than gas prices have had. :roll:


If companies decide to pay for HC bennies, then they will, as history shows, pass those costs on to us, the consumers. If they take the "fine" they will pass those costs on to us, the consumers.

However you shake Obamacare out, we will have to pay for the costs of those that don't have insurance. Tax hike is my best guess. You've heard the old saying - "nothing in life is free", yes?
 
That didn't answer the question.

Does a 16% increase in all your living costs sound like fun yet?

And where are you getting your 16% increase stat from?
 
Papa John's CEO John Schnatter says that Obamacare will result in a $0.11 to $0.14 price increase per pizza, or $0.15 to $0.20 cents per order, Pizza Marketplace, a trade publication, reports. (Hat tip: @dkberman via Twitter.)
Under Obamacare, the company, which is the third-largest pizza takeout and delivery chain in the United States, will have to offer health care coverage to more of its 16,500 total employees or pay a penalty to the government.


OMG...a 15 to 20 cent increase on a 14.00 pizza to give 16,500 employees a chance at having health care...

Anyone that doesnt believe thats a value is NUTS...because if they dont have insurance we will pay far more for their trip to the emergency room...


Papa John's Pizza To Raise Prices Because Of Obamacare, CEO John Schnatter Says

It should prolly be noted that Schnatter said "will have to offer health care coverage to more of its 16,500 total employees or pay a penalty to the government."

In otherwords he is not talking about total people that will be added to insurance as being 16,500...but part of. That could mean as little as 1 person or as much as 16,499 employee's, or somewhere in between. So yeah prices will rise...more than likely across the whole spectrum and not just in the pizzaria buisness.

The article also mentions another side effect of Obamacare....that of more people getting laid off....at a time when our unemployment is higher than ...should I say...what WAS the norm.

From article:
One Papa John's franchise owner in Texas, Judy Nichols, says the law could interfere with her ability to open more restaurants.

“I have two options, I can stop offering coverage and pay the $2,000 fine, or I could keep my number of staff under 50 so the mandate doesn't apply,” she told Legal Newsline. Nichols added that the law may cost her between $20,000 to $30,000 extra in taxes. “Obamacare is making me think about cutting jobs instead," she said.

IMO Obamacare is going to widen the divide that already exists between small buisness and big buisness.

Edit to add: And if people will be laid off that just means that you'll be paying for their welfare...which could cost just as much money as what we are paying now. Possibly more depending on how things go. And yeah...maybe even less. But overall with the lay offs and price increases I would bet that it would be the same as or more than what we are paying now.
 
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IMO, this will be the first of many price hikes on goods and services we will all have to pay to foot the bill for Obamacare.

where have you been the last 50 years? The price of most every essential item has gone up....
 
It has been beaten to death shortly after the ruling came out, remants of the discussion may remain under the constitution forum.

If I had bought a laptop instead of a desktop, I could have used the net when it was 105 degrees here in Cleveland. Jeeez louise, take month or two off and you miss so much.
 
where have you been the last 50 years? The price of most every essential item has gone up....

My question is why this time did Papa Johns feel the need to have a press conference on raising prices? I'm tired of restaurants trying to voice off political opinion. Guess what? I don't care! Serve me a pizza, or I take my money elsewhere. Kindly hold the side of politics.
 
If companies decide to pay for HC bennies, then they will, as history shows, pass those costs on to us, the consumers. If they take the "fine" they will pass those costs on to us, the consumers.

However you shake Obamacare out, we will have to pay for the costs of those that don't have insurance. Tax hike is my best guess. You've heard the old saying - "nothing in life is free", yes?

This is most certainly true, Billy, but it isn't the whole story. If the working poor have health insurance, they will have more disposable income and no doubt, they will buy more pizza. It's possible that if sales and labor costs both rise, most Papa John's franchises could see a net profit.

This is why I support universal coverage, in large part. However, I have accumulated so many objections to Obamacare that I believe this law actually sets the reform movement back, rather than furthering it.
 
My question is why this time did Papa Johns feel the need to have a press conference on raising prices? I'm tired of restaurants trying to voice off political opinion. Guess what? I don't care! Serve me a pizza, or I take my money elsewhere. Kindly hold the side of politics.

I agree, but remember, since Citizens United, every corporation on Planet Earth can also be an American PAC. It's an altogether revolting development and we will rue the day that we allowed it, but can we really put the cat back in the bag now?
 
It should prolly be noted that Schnatter said "will have to offer health care coverage to more of its 16,500 total employees or pay a penalty to the government."

In otherwords he is not talking about total people that will be added to insurance as being 16,500...but part of. That could mean as little as 1 person or as much as 16,499 employee's, or somewhere in between. So yeah prices will rise...more than likely across the whole spectrum and not just in the pizzaria buisness.

The article also mentions another side effect of Obamacare....that of more people getting laid off....at a time when our unemployment is higher than ...should I say...what WAS the norm.

From article:


IMO Obamacare is going to widen the divide that already exists between small buisness and big buisness.

Edit to add: And if people will be laid off that just means that you'll be paying for their welfare...which could cost just as much money as what we are paying now. Possibly more depending on how things go. And yeah...maybe even less. But overall with the lay offs and price increases I would bet that it would be the same as or more than what we are paying now.

Kal'Stang, you are 100% correct, but I am not sure this will happen. I don't think any economist is certain about the effect Obamacare will have, and I reiterate my complaint. How the hell is it best for us to suffer needless added uncertainty about our economic future?
 
where have you been the last 50 years? The price of most every essential item has gone up....

True. And prices will go up on consumer goods and services to pay for Obamacare. And, IMO, there will be a govt tax coming down the pike also.
 
code1211 said:
I delivered pizzas when much younger and always overtip. My daughter manages a restaurant so there's that, too.
Both my kids worked as waiter/waitress at restaurants while attending college, so I always tip generously if they provide even satisfactory service, because I know how much they depend on and appreciate their tip money.

code1211 said:
This might have the effect that nobody has a full time job anymore.
Companies have been using temp or part-time employees as far back as I can remember, to keep from paying benefits such as health care or retirement.

This isn't something new and unique to Obamacare.
 
We knew businesses were going to have to do this. We said it at the time during the last election. This is why you weren't supposed to vote for Obama. We knew who he was and what he wanted to do, and we knew it would harm America, and it is.

Yeah, I can't think of greater harm to America than raising the price of pizza by .20 so that 16,500 employees can have health insurance. Particulary ironic coming from a guy who's health insurance is paid for by the taxpayers.

What planet do you people live on?
 
This is most certainly true, Billy, but it isn't the whole story. If the working poor have health insurance, they will have more disposable income and no doubt, they will buy more pizza. It's possible that if sales and labor costs both rise, most Papa John's franchises could see a net profit.

This is why I support universal coverage, in large part. However, I have accumulated so many objections to Obamacare that I believe this law actually sets the reform movement back, rather than furthering it.

The poor will have the same amount of coverage. The very reason for Obamacare is to insure the poor because they couldn't afford it. IE if they couldn't afford it before and spent their money accordingly what makes you think that they will have more disposable income having free healthcare? Their bills will not change. And I can tell you that as a poor person I did not...sorry, COULD NOT, plan my bills about some possible future where I might need healthcare coverage. I have to deal with the bills I have now. Not yesteryear.
 
Kal'Stang, you are 100% correct, but I am not sure this will happen. I don't think any economist is certain about the effect Obamacare will have, and I reiterate my complaint. How the hell is it best for us to suffer needless added uncertainty about our economic future?

There will always be an uncertainty about any future for anything. But as the old saying goes "Plan for the worst, hope for the best". But I do understand your point and I agree with it. Hell, I even agree with Obamacare...I just HATE how they went about and did it and the Mandate.
 
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