Posted on 11/11/2012 7:11:37 PM PST by tobyhill
The CEO of popular pizza chain Papa John's says his employees may face reduced hours and he expects his business costs to rise because President Obama's re-election most likely insures the president's health care reform law will be implemented in full.
NaplesNews.com reports John Schnatter made the remarks to a small group at Edison State College's Collier County campus the day after the election.
Schnatter, who supported Mitt Romney in the election, said all Americans having health insurance under ObamaCare is a good, but estimates the change will cost Papa John's $5 million to $8 million annually.
Schnatter estimated that these rising costs could adversely affect his workers. Since only full-time employees working 30 hours or more must be covered under the new law, he said he expects franchise owners will be forced to cut employees' hours because they can't afford the costs of health insurance plans.
(Excerpt) Read more at foxnews.com ...
Supersize it? No, Obamasize it.
Love his Peyton Manning Commercial
Good for Papa John’s. If he tries to pass along the cost of OblahMaoCare to consumers the price of pizza will skyrocket and business will plummet.
I’m confused. The timeline for the onset of companies having to pay a fine for not insuring their full time workers is 2014. So why are companies laying off NOW..?
Am I misinformed?
Not good. now these po bastuhds are gonna have to work two jobs to make ends meet....
Sucks...
Businesses don’t wait until the last minute when they know things are gonna be effed up down the line.
It’s called planning.
He only lays off his employees because of RACISM!/s
You’re just as uninformed as the rest of and just as confused.
Most employers set their balance sheets and budgets on a 3 to 5 year projection. They may do it now to get ahead of the curve.
HOORAY John Schnatter! Prepare. Persevere.
The employer portion may not kick in until 2014, but parts of that bill kick in 2013. Corporations are simply accounting for the entire bill now.
HOORAY John Schnatter! Prepare. Persevere.
Sounds like Chick fil-A all over again!
Did I read on another thread that companies might cut to 39 hours to bypass the health care requirement.
Applebee’s too.
29 hours, and the answer is yes.
No it will be 29 hours or less. Obamacare sets fulltime employment at ‘about 30 hours’
Don’t know if any of you guys facebook and tweet, but Papa John’s is getting creamed by the libtards spewing hatred. I just went to their (Papa John’s) facebook page to show support and, of course, have a little fun with the insane liberals. Help if you enjoy such.
I wonder if Bill Clinton will be out there saying ‘I feel your pain!’ they’d probably believe it anyway.
How much are the 2 million free pizzas costing Papa John?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.