Under Sanders’s plan, the family who buys insurance on their own could pay $20,000 in additional taxes but come out ahead. If they had insurance provided through their jobs, that’s a $5,000 net loss. (Photo: Shutterstock)

Senator Bernie Sanders says most people in America will have to pay more in taxes to pay for his Medicare for All plan. But he insists that’s a good deal — and will save people money overall by lowering health costs.

For many Americans, though, that would not be true. Households that spend a lot on health care already would be most likely to see the benefit. But for many, higher taxes would exceed any savings.

Sanders, a top contender for the 2020 Democratic presidential nomination, says the savings would come from eliminating insurance premiums, co-pays and out-of-pocket expenses, he said in an interview with National Public Radio.