Sep 22, 2015 7:08 PM
CONCORD - You may be enjoying the low prices at the gas pump, but if you collect Social Security those low prices are a trade off.
This year Social Security benefits rose 1.7% based on the cost of living adjustment which is adjusted each year based on inflation. The 2016 COLA will be announced in October, but inflation was down 0.3% for the twelve months ending in August - largely due to a 23% drop in gas prices over that period. It's expected social security benefits won't go up next year.
Meanwhile, a new report sounds an alarm showing that most Americans will get a wrong or late diagnosis in their lifetimes - often with devastating effects. The National Academy of Medicine report says:
• At least 5 percent of U.S. adults who seek outpatient care each year experience a diagnostic error.
• Autopsies suggest diagnostic errors contribute to 10% of patient deaths.
• Medical records suggest diagnostic errors account for 6% to 17% of adverse events in hospitals.
The takeaway - it's definitely worth getting a second or third opinion when you are able to do so.
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