ObamaCare strikes again, only this time it isn’t your insurance premium or your doctor closing up shop. This time it’s the bottom line at the grocery store:
Supermarket owners argue a pending federal food-labeling rule that stems from the new health care law would overburden thousands of grocers and convenience store owners — to the tune of $1 billion in the first year alone.
Store owner Tom Heinen said the industry’s profit margins already are razor thin. “When you incur a significant cost, there is no way that that doesn’t get passed on to the customer in some form,” he said.
News Flash: All costs get passed on to the customer in some form.
How do you run a business and not know this?
What are the proposed regulations?
The proposed regulation would require store owners to label prepared, unpackaged foods found in salad bars and food bars, soups and bakery items. Erik Lieberman, regulatory counsel at the Food Marketing Institute, said testing foods for nutritional data will require either expensive software or even more costly off-site laboratory assessments.
I know that I read the label when I buy food. But guess what?
If this wasn’t forced by government, and the market demanded it, either the company who produced the food would do it so their product would sell, or someone would create an app and I would buy it. So would anyone else who wanted that data.
The market provides without force.
The government cannot say the same.