The state-owned health insurer VšZP posted a €34-35m net profit in 2017, according to CEO Miroslav Kočan. Its equity is still negative at -€33m, and its retained losses top €229m. Thanks to the booming labor market, VšZP collected €100m more than planned in levies last year, and the state provided a €60m one-off subsidy. The insurer also cut spending on drugs by €12m (they rose by €40m in 2016), canceled contracts with 76 medical specialists, and made adjustments to contracts with hospitals. It did not pay €31m to healthcare providers for so-called over-limit treatments. After returning VšZP to financial health, Kočan wants to focus on quality patient services this year.