Exact(7)
A statutory formula sets annual goals for Medicare spending on doctors' services.
The basic Medicare premium is updated each year according to a statutory formula.
A statutory formula, adopted in 1998, links highway spending to gasoline taxes and other trust fund revenues, Mr. Jackson said.
The cuts, he said, are required because spending on doctors' services has repeatedly exceeded annual goals set by a statutory formula.
It said the cut was required because spending on doctors' services was increasing faster than expected, and faster than the annual goals set by a statutory formula.
The updates are calculated under a statutory formula and reflect changes in the Consumer Price Index, which was unusually high last year because of energy prices.
Similar(49)
Payments, set according to a complex statutory formula, vary by county, with many anomalies.
The law allows opponents of candidates for the House of Representatives who spend more than $350,000 of their own money to receive triple the usual amounts — $6,900 rather than $2,300 — from individual contributors when a complex statutory formula is met.
The Welsh Language Society ran a fierce picketing campaign after the 2010 deal, and is calling for a statutory funding formula for S4C.
Dr. Peter W. Carmel, president of the American Medical Association, said his group was "deeply disappointed" that the agreement, while delaying the cut for 10 months, did not replace the statutory formula that requires such cuts.
In 2010, he chopped raises down to 2percent, 0.44 percent lower than the statutory formula suggested and much lower than 2009's 3.9percentt raise.
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