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Protect Patients’ Safety – Don’t Let Psychologists Prescribe
Wednesday, Mar 19, 2014 - Posted by Advertising Department [The following is a paid advertisement.] In any discussion about treatment of mental illness, the interests of the patients and their families should come first. In considering Senate Bill 2187 – sometimes called “RxP” – members of the General Assembly should keep that in mind. SB 2187 would allow psychologists who have no medical training to prescribe powerful medications to patients. Current Illinois law allows only people who have medical training – doctors, nurse practitioners and physician assistants – to prescribe drugs. Why does medical training matter? Physical illnesses and mental disorders are often intertwined. Additionally, psychiatric medication, such as drugs for schizophrenia and bipolar disorder, can interact negatively with medication for chronic illnesses. Finally, many drugs are powerful and can create risky side effects. To understand these complexities, psychiatrists go through four years of medical school and four additional years of residency, on top of their college training in the sciences. They learn to treat the whole patient – not just the brain. The most recent version of the “RxP” bill would require about 30 semester hours, or 10 college courses, plus 10 weeks of supervision by a psychologist to prescribe medication. The course work could be completed online. Would you allow someone trained online to repair your brakes? Fly a plane? Work as a lifeguard? Treat the family dog? Psychologists who want to prescribe can follow the route taken by Illinois nurse practitioners, physician assistants and doctors. They can obtain medical training – instead of insisting on a law that would put patients at risk. To become involved, join the Coalition for Patient Safety, http://coalitionforpatientsafety.com.
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Credit unions serve as not-for-profit cooperatives; Banks elect Subchapter S to avoid taxes
Wednesday, Mar 19, 2014 - Posted by Advertising Department [The following is a paid advertisement.] Credit unions were first exempted from federal income tax in 1917 because of their unique structure as not-for-profit financial cooperatives. Contrary to what some banks may suggest, credit unions pay property, payroll, and sales taxes. Yet while banks decry the credit union tax exemption, nearly 40 percent of banks in Illinois elect Subchapter S status under the Internal Revenue Code to avoid federal income taxation. That’s $59 million in diverted tax dollars. These for-profit Sub-S banks also pay dividends and fees — not to customers, but to directors/investors/stockholders who may or may not be depositors — to the tune of nearly $1.3 billion. This is far in excess of the estimated federal income tax credit unions would pay. In contrast, credit unions return net revenue to their members. The banker argument against the credit union tax exemption is simply disingenuous. If banks really believed that credit unions operate with an unfair competitive advantage, they would restructure their institutions to credit union charters. None would, however, because doing so would expose them to becoming democratically controlled, locally-owned financial cooperatives governed by their very own volunteer members that put people before profits — all the virtues that define the credit union difference.
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