February 7, 2013

Just wonderful - food prices to spike even more

From FOX News:
Supermarkets cry foul as FDA proposes new food labeling rule under ObamaCare
If the Food and Drug Administration gets its way, your trip to the grocery store could get a tad pricier.

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.
A bit more:
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.
We have a lot of bulk bins, we sell locally made baked goods and have a lot of snack items that don't have nutritional information -- probably 300 to 500 SKUs that would need to have nutritional information added. Thank you Barry -- could you meddle some more? Posted by DaveH at February 7, 2013 1:49 PM