John Schnatter, founder and CEO of Papa John’s Pizza, criticized Obamacare twelve months too early.
It was a year ago today when the Naples Daily News reported Schnatter responding to a question about whether Obamacare would cause Papa John’s franchise owners to reduce their employees’ work hours, “That’s probably what’s going to happen. It’s common sense. That’s what I call lose-lose.”
Under Obamacare’s employer mandate companies with 50 or more full-time employees—“full time” defined as 30 hours a week or more—must provide their workers with health insurance or pay a hefty fine. Schnatter was pointing out that his franchise owners would have an incentive to reduce many employees to 29 hours or less so as to limit the number of full-time employees to less than 50.