New Food and Drug Administration rules to be imposed under ‘Obamacare’ could lead to higher food prices, according to grocery store executives who are casting wary eyes on the looming mandate.
The mandate could boost grocery owners’ costs by $1 billion in its first year, Fox News reports. And that means higher food costs to consumers.
“When you incur a significant cost, there is no way that that doesn’t get passed on to the customer in some form,” said Tom Heinen, a grocery store owner quoted in a Fox News report.
Under Obamacare, restaurants will have to add nutritional information to menus; store owners will have to note similarly on food bars, salad bars, bakery items and soups, Fox News reports.
Get the information wrong — and pay dearly.
“If you get it wrong, it’s a federal crime and you could face jail time and thousands of dollars worth of ones,” said Erik Lieberman, regulatory counsel at the Food Marketing Institute, in the Fox News report.