• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The U.S. campaigned to host the World Cup. Now soccer fans will trade their countries' train system for the U.S.'s 'D' rated infrastructure

2

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

3

The Supreme Court handed Trump a Golden Chariot on tariffs — now he just has to take it

1

The U.S. campaigned to host the World Cup. Now soccer fans will trade their countries' train system for the U.S.'s 'D' rated infrastructure

2

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

3

The Supreme Court handed Trump a Golden Chariot on tariffs — now he just has to take it
Economy

Why Entrepreneurship Could Suffer if Obamacare Is Repealed

By
Jeremy Quittner
Jeremy Quittner
Down Arrow Button Icon
By
Jeremy Quittner
Jeremy Quittner
Down Arrow Button Icon
February 13, 2017, 8:00 AM ET
Florida Residents Sign Up For Affordable Care Act On Deadline Day
Joe Raedle Getty Images

For Dina Garcia, the founder of Vida Nutrition in Miami, the Affordable Care Act (ACA) was vital to founding her business.

Garcia, a registered dietician who had previously worked for a large dialysis company, decided to go out on her own in 2013, just as state and federal health insurance exchanges were launching.

“I had a stepping stone, and I could cut my hours back, and I was able to maintain my insurance,” Garcia says, adding she first went on COBRA to maintain her health insurance benefits, and then switched in 2014 to a plan offered through Florida’s insurance exchange to cover herself, her husband, and their two children. “It was really important to have health benefits in order to start my business.”

She had hoped to hire her first employee in the next 12 months, but is now unsure what will happen with a repeal of the ACA pending.

In 2013, the idea that the ACA could end the phenomenon called job lock—where employees stay in otherwise unfulfilling careers because their full-time jobs give them access to health insurance benefits—was just a theory proposed by academics who postulated that access to affordable health care could create up to 1 million new businesses.

Related: Shopify Won’t Remove Breitbart’s Online Shop, Claiming Free Speech

Since then, an estimated 20 million people have gained access to health care coverage. And as it turns out, Garcia is one of perhaps thousands of new entrepreneurs who say the ACA gave them the necessary security around health insurance to leave full-time jobs with benefits and go out on their own. That data comes from an October survey by small-business network Thumbtack which found that about one-third of 5,400 small-business owners said they had the confidence to start their own businesses because they had access to health care through the ACA.

That percentage remained consistent in January in a follow-up survey, after the Trump Administration announced its intention to move quickly on a repeal of the ACA. One-third of entrepreneurs said they do not want to see it overturned, says Lucas Puente, Thumbtack’s economist.

“The overwhelming sentiment was [the ACA] freed them up to pursue entrepreneurship full time,” says Puente.

While it’s true that half of respondents in the later poll said they wouldn’t mind a repeal as long as there is a definitive replacement plan that would also give them access to affordable coverage going forward, only 5% said they want to go back to the way things were before the health care law was passed in 2010.

In addition to Thumbtack’s survey, the Department of Labor data appears to bear out the trend Thumbtack has identified. Between 2013, when the ACA exchanges launched, and year-end 2015, the number of self-employed people has increased 3.5% to nearly 183,000.

While there could be other factors for the increase, like an improving economy, the growing number of entrepreneurs likely circles back to greater access to health care coverage since 2013, says Dean Baker, co-director of the left-leaning Center for Economic and Policy Research, in Washington, D.C., who has studied the impact of the ACA on the job market and the economy.

“There does seem to be pretty clear evidence that the ACA has reduced job lock,” Baker says. “I worry very much that the recent gains will be reversed if the Republicans eliminate the ACA.”

 

About the Author
By Jeremy Quittner
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

This billionaire is capping his kids’ inheritance at 8 figures—like Bill Gates, he thinks generational wealth is bad for society
SuccessWealth
This billionaire is capping his kids’ inheritance at 8 figures—like Bill Gates, he thinks generational wealth is bad for society
By Orianna Rosa RoyleMay 27, 2026
16 minutes ago
Current refi mortgage rates report for May 27, 2026
Personal FinanceReal Estate
Current refi mortgage rates report for May 27, 2026
By Glen Luke FlanaganMay 27, 2026
18 minutes ago
Current ARM mortgage rates report for May 27, 2026
Personal FinanceReal Estate
Current ARM mortgage rates report for May 27, 2026
By Glen Luke FlanaganMay 27, 2026
18 minutes ago
Mortgage rates today, May 27, 2026
Personal Financemortgages
Mortgage rates today, May 27, 2026
By Glen Luke FlanaganMay 27, 2026
18 minutes ago
Sam Altman, wearing a suit, speaks in front of a dark red background.
AIOpenAI
Sam Altman and Dario Amodei are both walking back their AI jobs apocalypse prophecies as they eye blockbuster IPOs
By Sasha RogelbergMay 26, 2026
11 hours ago
The 5 Best Massage Chairs (2026): Expert Tested and Reviewed
HealthDietary Supplements
The 5 Best Massage Chairs (2026): Expert Tested and Reviewed
By Emily PharesMay 26, 2026
11 hours ago

Most Popular

The U.S. campaigned to host the World Cup. Now soccer fans will trade their countries' train system for the U.S.'s 'D' rated infrastructure
Travel & Leisure
The U.S. campaigned to host the World Cup. Now soccer fans will trade their countries' train system for the U.S.'s 'D' rated infrastructure
By Catherina GioinoMay 25, 2026
2 days ago
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
Success
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
By Preston ForeMay 21, 2026
6 days ago
The Supreme Court handed Trump a Golden Chariot on tariffs — now he just has to take it
Commentary
The Supreme Court handed Trump a Golden Chariot on tariffs — now he just has to take it
By Jeffrey Sonnenfeld and Steven TianMay 26, 2026
21 hours ago
The pig in the python: Baby boomers are strangling the economy they built by refusing to move or retire
Economy
The pig in the python: Baby boomers are strangling the economy they built by refusing to move or retire
By Nick LichtenbergMay 25, 2026
2 days ago
Nvidia CEO Jensen Huang admits he criticizes everything his 42,000-plus employees show him: ‘You can’t go a day without some criticism’
Success
Nvidia CEO Jensen Huang admits he criticizes everything his 42,000-plus employees show him: ‘You can’t go a day without some criticism’
By Preston ForeMay 26, 2026
16 hours ago
Current price of silver as of Tuesday, May 26, 2026
Personal Finance
Current price of silver as of Tuesday, May 26, 2026
By Joseph HostetlerMay 26, 2026
18 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.