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Non-Tech : pamc
PAMC 46.82+2.4%Nov 5 4:00 PM EST
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To: Steven M. Kaplan who wrote (343)8/12/1999 7:48:00 AM
From: Don Hand  Read Replies (1) of 570
 
The downward trend really kicked in when Craft posted the message
from Healthpoint regarding that they would not give a discount.
But from Steve's post above on webfiance it shows how Healthaxis
will be cheaper that traditional agents.

..."Gary Craft, an analyst with E*Offering, said HealthAxis.com is "the only [consumer
insurance aggregator] provider fully connected, end-to-end." The company "has really
reached the Holy Grail, which is straight-through processing," he said. "By processing all
the way back through to the insurer, they're driving costs down and passing [those
savings] through to
the consumer," said Craft.

Indeed, insurance agents typically receive 20% of insurance premiums in commissions;
HealthAxis.com plans to pass half of that amount on to the consumer, and keep the
balance, Gitlitz said. "......
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