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Non-Tech : pamc -- Ignore unavailable to you. Want to Upgrade?

To: CigarHolder who wrote (135)	12/4/1998 1:13:00 PM
From: G. Thomas Kaiser	Respond to of 570

I understand the company is considering taking the HealthAxis.com sub public. They are working with Investment bankers on the east and west coast to pick an underwriter. This would be similar to what the parent companies did with TMCS and UBID. After doing a little research PAMC looks very attractive.

To: CigarHolder who wrote (135)	12/4/1998 1:47:00 PM
From: port_mgr	Read Replies (1) \| Respond to of 570

Dear cigar holder, There is a big difference between quotesmith and healthaxis.com, which will become more obvious over time. At healthaxis.com you will be buying insurance at lower costs, noticably lower, than even the cheapest at quotesmith. Their service merely compares various policies and gives you the prices. If you buy someone still gets paid 15%, 20%, 30% of the premium as a commission. Healthaxis will eliminate the agent. It will also help lower the cost for the insurer, by providing elelctronic data transfer instead of clerks and paper. And it will increase customer satisfaction, since you can apply, etc. on the site, then always pull up your policy, track claims, change your address, add new children, etc. You will be happier, and the company won't have to do the data entry. There are many more ways to rationalize the process, which I would assume will be detailed if they do take the web sub public. They have sold their insurance operation to eliminate the prospect of competing with the other companies they will have providing product on their site. It also removes the need for the overhead, etc. and the risk of underwriting losses. They will become, if you will, a virtual insurance company. I like this, of course, since it is removing the costs built into insurance that don't need to be their. This was as inevitable as walmart whacking its distributers, and the web only increases the opportunities for efficiencies.