- Sep 26, 2000
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http://www.huffingtonpost.com/2012/...care_n_2123207.html?utm_hp_ref=money&ir=Money
http://www.forbes.com/sites/calebme...lionaire-papa-john-schnatters-obamacare-math/
Caleb Melby of Forbes has graciously done the math on Obamacares cost to Papa Johns and according to his analysis, to cover the cost of Obamacare, the pizza chain would have to raise prices by 3.4 to 4.6 cents per pie -- way less than the 11 to 14 cents Schnatter claims he needs.
He estimates that Obamacare will end up costing his company $5-8 million annually.
In September, the company announced that it would be giving away 2 million free pizzas. That was, of course, a promotion designed to increase brand awareness and to invite consumers to try the brand with the ultimate goal of selling more pizzas. Those giveaways cant really be cataloged alongside sales that would have been made otherwise. But just in case youre curious, that would be the equivalent of $24 million to $32 million in pizza revenue.
Cliffs:
Obamacare will cost substantially less than Papa Johns CEO has claimed.
Its about 4 cents on average per pie. Yes FOUR FREAKING CENTS.
That's a yearly cost to Papa Johns of 5-8 million dollars. Their free pizza giveaway costs 24 to 32 millon dollars.
Forbes is not left wing magazine. It as right wing capitalist as they come.
http://www.forbes.com/sites/calebme...lionaire-papa-john-schnatters-obamacare-math/
Caleb Melby of Forbes has graciously done the math on Obamacares cost to Papa Johns and according to his analysis, to cover the cost of Obamacare, the pizza chain would have to raise prices by 3.4 to 4.6 cents per pie -- way less than the 11 to 14 cents Schnatter claims he needs.
He estimates that Obamacare will end up costing his company $5-8 million annually.
In September, the company announced that it would be giving away 2 million free pizzas. That was, of course, a promotion designed to increase brand awareness and to invite consumers to try the brand with the ultimate goal of selling more pizzas. Those giveaways cant really be cataloged alongside sales that would have been made otherwise. But just in case youre curious, that would be the equivalent of $24 million to $32 million in pizza revenue.
Cliffs:
Obamacare will cost substantially less than Papa Johns CEO has claimed.
Its about 4 cents on average per pie. Yes FOUR FREAKING CENTS.
That's a yearly cost to Papa Johns of 5-8 million dollars. Their free pizza giveaway costs 24 to 32 millon dollars.
Forbes is not left wing magazine. It as right wing capitalist as they come.