When the Affordable Care Act is implemented, businesses with more than 50 full-time employees will have to provide workers access to health insurance or pay a fine.
According to Papa John's CEO John Schnatter, the mandate will lead to his chain raising the price of pizzas.
According to the Huffington Post:
"Schnatter says that Obamacare will result in a $0.11 to $0.14 price increase per pizza, or $0.15 to $0.20 cents per order, Pizza Marketplace, a trade publication, reports.
Under Obamacare, the company, which is the third-largest pizza takeout and delivery chain in the United States, will have to offer health care coverage to more of its 16,500 total employees or pay a penalty to the government."
Independent Papa John's franchise owners are also wondering how they will comply with the law.
According to an owner in Texas, her store might lay off employees or employ less than 50 people.
“I have two options, I can stop offering coverage and pay the $2,000 fine, or I could keep my number of staff under 50 so the mandate doesn't apply,” Judy Nichols told Legal Newsline. Nichols added that the law may cost her between $20,000 to $30,000 extra in taxes. “Obamacare is making me think about cutting jobs instead," she said."
St. Pete Papa John's Locations
- 2390 4th St. N
- 5000 34th St. S
- 5170 66th St. N