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Last week, John Schnatter, the founder and CEO of Papa John's Pizza, announced that the Affordable Care Act will raise the cost of his pizza 11 to 14 cents each, or 15 to 20 cents per order. This has caused some to gloat that Obamacare won't be "free" after all but will be passed down to consumers in the form of higher prices.
Well, duh.
For the sake of this discussion, I'm going to ignore the fact that Schnatter is a supporter and fundraiser for Mitt Romney, and take him at his word. I'm also going to assume that his numbers are not inflated at all but represent an accurate representation of what will happen in 2014.
Let's circle back around to Papa John's, though. Part of what the act does is mandate that companies start providing health insurance to their employees or pay a penalty. Since some don't do that already, this will cost them money. They could take this out of profits or reduce the salaries of their executives, but they will probably do what every business does: They'll pass it on to the consumer.
This is as it should be.
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Raees wrote: Someone wake me up when a decent restaurant complains about Obamacare.
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