I’m having a hard time with some of my fellow business leaders right now.
On November 4, CEO Matt DeRose sent an email to his 600 employees stating that if Obama won a second term, he would layoff or position most of his team for part-time employment. He stated, “Increasing expenses brought on by recent regulations, taxes, and the stagnant economy” were driving his decision.
On November 12, Papa John’s Pizza CEO, John Schnatter said on a segment of The Ed Show on MSNBC, “ObamaCare is so costly, my employees will pay the price” stating most full-time employees would only be able to work 30 hours a week so the company could avoid paying benefits or a penalty.
He estimates ObamaCare will cost the company an additional $5-$8 million annually.
Schnatter said the additional healthcare costs could be passed to customers, at a price of $0.10 to $0.14 per pizza. (more…)