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A statutory formula sets annual goals for Medicare spending on doctors' services.
Payments, set according to a complex statutory formula, vary by county, with many anomalies.
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.
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Rates are now set by statutory formulas, and Congress is besieged by lobbyists pleading for bigger increases each year.
President Barack Obama blocked large pay raises slated for tens of thousands of federal employees Monday, overriding statutory formulas to hold pay increases to 2% in 2010.
The government, the commission said, should also fund a "long-term study to assess whether a workable, non-statutory formula could be produced that would give couples a clearer idea of the amounts that might need to be paid to meet needs".
The Welsh Language Society ran a fierce picketing campaign after the 2010 deal, and is calling for a statutory funding formula for S4C.
The OTB may not alter its business model or its statutory funding formula until it files for Chapter 9, but once it is under protection it can do both those things.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com