Slovak health policy and health outcomes since 1989 are described and analyzed. It is shown that health outcomes have improved during this period, but it is suggested that with a stronger financial base, and improved economic efficiency, more could be achieved. After the 1993 reforms the system moved from direct funding from the budget, to a mixed funding model. The most important funding source is health insurance. There are also some state budget payments and private contributions. But state under-funding of the health insurance of those not in the workforce has created a chronic and worsening financial crisis. In part this is due to the explosion of the drugs bill, as increasing quantities have been imported. It is argued that a long-term solution that will see improved efficiency and health outcomes, requires more consistent health and health care policies, based on an informed and genuinely public debate, an increase in the political priority of health care, and an agreed and fully implemented funding model. There is no sign of real and urgent government movement in this direction.