Skip to comments.Will Obamacare Raise the Price of a Big Mac?
Posted on 07/27/2012 2:54:22 PM PDT by Free ThinkerNY
In exchange for lower health premiums under Obamacare, experts say shoppers could pay higher prices on everything from printer paper to French fries.
Complying with the Affordable Care Act will cost as much as $420 million annually, McDonalds CFO Peter Bensen said during a conference call Monday, according to CFO Journal. And when the new law goes fully into effect in 2014, its possible menu prices will be raised to cover the health costs.
Analysts say businesses with a large number of hourly wage workers, who traditionally had minimal or no health insurancefrom fast food joints to retailersmay have to adopt a similar strategy. I would expect prices at McDonalds (MCD) to go up, says Les Funtleyder, who manages a health care fund at Poliwogg, a hedge and venture capital firm. (A McDonalds spokeswoman says the company doesnt set prices for its franchised restaurants, which represent about 90% of its 14,000 U.S. outposts, and that it would be premature and inaccurate to speculate on raising menu prices to offset these costs.)
But experts say the price hikes could extend beyond chicken McNuggets. Some analysts believe companies may use health care as an excuse to raise prices, even if the added costs dont warrant the increase. Peter Saleh, a restaurant analyst at Telsey Advisory Group, expects sit-down diners at restaurants like The Olive Garden, owned by Darden Restaurants (DRI), and The Cheesecake Factory (CAKE), which own a greater proportion of their locations than some fast food chains, to eventually pay at least 2% more to eat there. But Saleh says its too soon to know how the companies will cope with the new mandates: A lot of them at this point arent willing to give us estimates about it.
(Excerpt) Read more at finance.yahoo.com ...
won’t matter.. only under weight people will be allowed to by them..
I heard the dollar menu was gonna go up to $1.15.
I thought McDonald’s was one of the companies Bambi granted a waiver to.
[ Will Obamacare Raise the Price of a Big Mac? ]
He already has.. He’s printing fiat money almost faster than the fed. can spend it..
This reduces the value of ALL Available MOney.. i.e. hidden tax..
And all but made drilling for oil illegal making the price of oil/gas/diesel increase.. (reducing supply raising cost)
When this happens literally the price of everything increases.. i.e. shipping, deliverys.. other costs..
Consumers (aka taxpayers, voters, citizens) PAY ALL BILLS..
Business passes ALL costs on to the consumer.. including taxes.. or moves to another country(jobs).. or both..
Many more consumers are POOR PEOPLE than rich people..
Zero-Obama is a nasty individual... and is TAX crazy..
Suppliers might not have gotten a waiver. Every level is going to gouge the level it supplies.
Even without Obamacare the price of everything is already going ‘out of sight’ for most Americans. Welcome to hard-core Socialism - aided and abetted by RINO’s.
Okay, what did Bush do now?
Don’t let any lame excuse to raise prices go to waste. If it isn’t healthcare, it’ll be something else. A sales tax is a sales tax, a percentage of the bill. The government profits from have a higher selling price, at the expense of the retailer. Corporations don’t pay sales tax, but their sales can be hurt by price increases caused by other factors. A percent based tax is a sure fired way for generating revenue by inflating prices. Personally, that is how I distinguish between a fee, a penalty, and a tax. Fees and penalties are usually a fixed amount. A tax is usually a percentage of a transaction. If I was a government, it be be in my best interest to tax on the highest amount that I could possibly get away with, and not kill the host in the process. But then again, we’re not dealing with a government that is showing any signs of a rational thought. The current government is bleeding this country dry, for the sole purpose of destruction, so that they came build it up in their own image, and put themselves firmly in control. It’s happened before, and it will happen again.
Well duh. McD's doesn't have that magic, free money that obama has with which they may pay for the new mandated entitlement-via-employer. McD's could also just hire fewer people and automate more. Who cares. Who cares about those who lose jobs. The people who are laid off have 99 weeks of such magic money. Besides, the private sector is doing fine.
They could also just reduce ROI of investors. Those investor types have nothing to do with our economy - they didn't build that.
Well, uhm, DUH!!
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And don't forget, according to Obama, the government built the roads those supplies are brought in on.*
Obamacare isn’t about health care.
Obamacare is just another huge wealth redistribution scam.
Obamacare will be the driving force behind huge inflationary cost increases across the board.
There won’t be anything it doesn’t touch and make more expensive.
Someday historians will look back at this time and wonder what caused Americans to elect a man like Obama, to follow him, and to meekly participate in his dismantling of a Constitutional Republic and economic system that was the envy of the rational world.
What caused masses of Americans to become hysterical pussies and follow a pied piper like Obama to their doom?
Was there some kind of mass chemical poisoning?
Was it a viral attack or brain parasite?
There must be something that caused millions to lose their ability to reason, to make sound judgments and, ultimately, their instinct to protect themselves, to act in their own best intrests and their will to prosper and survive.