Ex-Senator Ben Nelson (D-NE) was always a friend to the insurance industry while he was in office. He was rewarded for this friendship last week when it was announced that he would become theAi??chief executive of the National Association of Insurance Commissioners (NAIC).
Although Nelson claims he will not act as an official lobbyist, this is only because he is barred from registering as a lobbyist to lobby Congress for two years. Serving as the head of a major special interest organization that does have registered lobbyists will effectively grant him the same role.
In his new job, Nelson will earn $950,000 annually. That is a 445 percent increase over his former job as a U.S. Senator, where he earned $174,000.
If you want to shut the revolving door,Ai??click here to join PCCCai??i??s Take Back Democracy campaign.
When will it stop. 0ne six year term . President included. No more lobbying .
It makes me sick to look at his starting salary. This is why your insurance rates are so high – it really has nothing to do with Obamacare as they would like you to believe.
The NAIC is an association of insurance REGULATORS, the people who propsose rules and oversee the financial solvency and market conduct practices of the insurance industry. If he lobbies, it will be to ensure that the federal government does not lessen the regulatory oversight exercised by the states.
I can’t believe this guy can still show his face in public.