Today, I heard Rush Limbaugh make the claim that Starbucks spends more on healthcare than they do on coffee. I just
had to see if its true. Guess what?
Here’s the source; none other than Starbucks’ Chairman, Howard Schultz.
Q: What’s the biggest challenge you face in terms of meeting your objectives for growth?
A: Without a doubt, it’s health-care costs. We just had to raise our prices for the first time in four years. That is primarily because of the rising costs of health insurance and also dairy prices. Over the next two years, we will spend more for employee health-care costs than we will for coffee.