Then-president Barack Obama signed the "Affordable Care Act," also known as "Obamacare," on March 23, 2010.
At the time, Democrats hailed the new law as a godsend to American families. Massive government intervention in the healthcare industry would make healthcare more accessible, reliable, and, of course, "affordable" for all Americans.
Ten years later, have those promises panned out?
According to a new report from the Kaiser Family Foundation, the answer is a resounding, "No." Family health insurance premiums increased by 47% over the past decade — outpacing both wage growth and inflation:
The annual change in premiums roughly matches the year-to-year rise in workers’ wages (5%) and inflation (1.9%), though what workers and employers pay toward premiums over time has risen more quickly. Since 2011, average family premiums have increased 47%, more than wages (31%) or inflation (19%).
Here's the bottom line: government intervention in the healthcare industry hasn't worked. It hasn't made healthcare more affordable for most Americans, and it's increased our country's financial instability.
If, rather than forcing insurance companies to make bad financial decisions, Congress had empowered consumers by making pricing more transparent, the free market could have lowered prices by now. Instead, federal politicians did what they always do, and everyday Americans are paying the price.
It's time to get the federal government out of the healthcare industry. Congress will never willingly give up its power, and we obviously can't rely on the Supreme Court to check federal overreach.
That's why we should call an Article V Convention of States. A Convention of States has the power to propose constitutional amendments that limit the power, scope, and jurisdiction of the federal government. These amendments can kick the feds out of healthcare, energy, the environment, agriculture, and a host of other topics not mentioned in the Constitution.
To join the growing ranks of patriots supporting the Article V movement, sign the petition below!
