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Story summary
- U.S. President Donald Trump’s tariff policies and Iran-related oil price surge are expected to generate a 2027 Social Security COLA.
- The 2027 COLA is projected at 3.5%, tying for the sixth-largest increase since 1993.
- The COLA would be the first since 2023 to outpace Medicare Part B premium growth.
- Medicare Part B premiums are forecast to rise 3.25% to $209.50 per month in 2027.