Texas Medicine, December 2006 issue http://www.texmed.org/Template.aspx?id=487 (available by subscription only) Heavy charity care patient loads, cuts in graduate medical education funding, and lagging Medicare and Medicaid reimbursement have created an ocean of red ink for the University of Texas Medical Branch at Galveston. UTMB’s operating budget has run in the red by $15 to $20 million annually for years. Now, officials of the state’s oldest medical school have launched a three-year plan to right the institution’s financial slip.