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Healthequity's Founder & CEO on Future of America's Health Care


HealthEquity (HQY) shares are higher on their first of trading on the Nasdaq. The stock's initial public offering priced at $14 a share, above its $10 to $12 range raising $127 million with 9.1 million shares. The company follows a string of other similar companies that have issued shares on the public markets. HealthEquity provides a technology and platform to assist in the management of Health Savings Accounts. HealthEquity's CEO and President, Jon Kessler and its Founder and Vice Chairman, Stephen Neeleman spoke with TheStreet's Susannah Lee on why they think more Americans will choose Health Savings Accounts over conventional health insurance. Kessler also share his thoughts on the future of health care coverage with Obamacare. JPMorgan Securities and Wells Fargo Securities are acting as joint book-running managers for the offering.