evidence: Sanders has also stated employees earning over $29,000 a year (approx £22,000) will pay a 4% higher tax rate. [...] What every study out there, conservative or progressive, says is 'Medicare for All' will save money "What every study out there - conservative or progressive - says, Medicare for all will save money," says Sanders. He believes the extra taxes would be offset by the savings Americans make on their health insurance payments. [...] Sanders says the plan would be paid for largely by the part-nationalisation of the US energy industry, and from tax increases on the fossil fuel industry and other large corporations.