Repeal and replace is actually going to be rename and reface. Glen Tullman

Shifting fault lines in health care are shaking up even the most seasoned executives, but Chicago-based Glen Tullman says hes not worried.

Thats because Tullmans focus remains on preventive care and technology, priorities he argues cant be undermined by Donald Trump, who at first pledged to toss out the Affordable Care Act wholesale, then walked back those comments.

This is not a Republican or Democratic issue, nor is our business, Tullman told Crains Chicago Business. Everybody wants lower costs. ... [N]o matter who it is, they need solutions for chronic diseases.

Read: Trump updates Obamacare repeal-and-replace timetable in OReilly interview

How Congress proceeds remains to be seen; the Republican leadership has pledged repeal but hasnt yet forwarded a replacement plan.

Although cost and physician selection were among the chief gripes with the Affordable Care Act, select features of Obamacare were popular even among Trump voters, including coverage for pre-existing conditions and extending the age of covered children. And that means repeal and replace is actually going to be rename and reface, said Tullman.

Tullman, whom Crains called Chicagos elder statesman among entrepreneurs, has invested in at least 20 businesses mostly over the past two decades. That includes his latest venture, Livongo, which contracts with companies to use cloud-based technology to help their employees manage diabetes. But hes likely best known for his 15-year run as CEO of medical-records company Allscripts MDRX, -1.02% before a split with the board.

Tullman, a Democrat who says he leans more conservative on economic and defense policies, finds himself in stark contrast with Trump on most matters. And yet in Illinois hes given far more to Republican Gov. Bruce Rauner than to any other candidate, Crains reported.

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The big [health care] breakthroughs will come from new discoveries and new technology, he said. Those arent driven by regulations, per se, and they arent prevented by regulations.

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Chicago health-care and insurance entrepreneur: Obamacare overhaul more likely to be 'rename and reface' - MarketWatch