Papa John’s profits are up 25 percentthat’s why CEO John Schnatter’s threat to cut workers’ hours and raise the price of pizza by up to 14 cents to offset the company’s cost of Obamacare resulted in a widespread boycott of the pizza chain.
“I got in a bunch of trouble for this,” Schnatter said. “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.” The Affordable Care Actdictates that companies with 50-plus full-time employees must provide healthcare coverage to those workers. That means some companies will need to cut back on employee hours to avoid added healthcare costs, according to Schnatter.
Earnings Increased But You Can’t Afford to Offer Healthcare
