Papa John’s CEO: Affordable Care Act will raise pizza prices 11 cents
Posted: Aug 08, 2012 11:04 AM EDT Updated: Aug 08, 2012 12:47 PM EDT
Papa John’s near West End, Richmond, Va. (taberandrew / Flickr)
“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 told shareholders on a conference call last week. “If Obamacare is in fact not repealed, we will find tactics to shallow out any Obamacare costs and core strategies to pass that cost onto consumers in order to protect our shareholders best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 is a Mitt Romney supporter and outspoken critic of President Obama. In April, he hosted a high-priced, private fundraiser for Romney at his home in Anchorage, Kentucky.
That fundraiser led to Obama supporters calling for a Papa John’s boycott on Facebook and Twitter.
Calls for boycotts were rekindled this week after Schnatter’s comments on the Affordable Care Act and Papa John’s pizza prices. It turns out a lot of Twitter users are more than happy to pay an extra 11 cents per pizza if it means health care for employees.