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  • Big Social Security COLA will be offset by Medicare premiums - BY MARK MILLER, REUTERS Retirees can look forward to the largest Social Security cost-of-living adjustment next year since 2012 - but don't break out the champagne just yet. For many, higher Medicare premiums will take a big bite out of their raise. Retirees can look forward to the largest Social Security cost-of-living adjustment next year

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