Papa John’s CEO Lied About Obamacare Cost
Posted by Phoenix Woman on November 15, 2012
In news that will shock nobody who isn’t a FOX News devotee, we find out that John Schnatter, Papa John’s CEO, lied about the cost of Obamacare — aka the Affordable Care Act — to his business:
Caleb Melby of Forbes has graciously done the math on Obamacare’s cost to Papa John’s 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.
And there are other changes the chain could make to save some money, Melby notes, like not giving away 2 million pizzas for free at a cost of between $24 and $32 million to the company, for example.
We’re guessing Obamacare won’t impact life at Schnatter’s lavish home, a 40,000 square-foot mansion in a tony suburb of Louisville, Kentucky, that features several swimming pools, a private golf course and a 22-car garage among other amenities, according to CelebrityNetworth.com.
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