Medical College of Wisconsin will cut its budget by 5%

After more than a decade of expansion, the Medical College of Wisconsin is grappling with smaller operating margins, a less profitable patient mix and excess research capacity at the school and its hospital partners. As a result, the school will cut its budget by 5% for the fiscal year beginning July 1, and layoffs are possible, college spokesman Richard Katschke confirmed. Medical schools across the country are experiencing similar problems, some of which are severe.