IDEAS home Printed from https://ideas.repec.org/a/jfr/ijfr11/v4y2013i3p94-106.html
   My bibliography  Save this article

Ascertaining the Financial Cost of Malaria and Mitigating against It Using Actuarial Models for Financial Cost

Author

Listed:
  • I. K. Dontwi
  • V. K. Dedu
  • N. K. Aboagye

Abstract

The cost of malaria treatment is crippling Ghana's health budget. Malaria slows down economic growth and if not checked, it can erode the National Health Insurance Fund (NHIF). The cost of treating malaria in 2008 was US $772.4 million. This amount is equal to Ghana's entire health budget for 2008, which represents 10% of the country's entire Gross Domestic Product for 2006 (MOH Report - Quashigah, 2008). The financial cost of malaria treatment and its cost mitigation in Ghana is determined using actuarial models and a health scheme which also mitigates the cost of malaria is postulated. The KNUST hospital is the case study for obtaining the treatment cost of malaria. This study involves estimates of morbidity and mortality rates for malaria. Furthermore, a premium formula is developed using the cost data obtained from the hospital and the premium formula. Premium rates are calculated for the different scheme members, based on some predetermined factors. Ultimately recommendations have been made about how this proposed scheme can be incorporated into the current National Health Insurance Scheme (NHIS).

Suggested Citation

  • I. K. Dontwi & V. K. Dedu & N. K. Aboagye, 2013. "Ascertaining the Financial Cost of Malaria and Mitigating against It Using Actuarial Models for Financial Cost," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 4(3), pages 94-106, July.
    • Handle: RePEc:jfr:ijfr11:v:4:y:2013:i:3:p:94-106
    as

    Download full text from publisher

    File URL: http://www.sciedu.ca/journal/index.php/ijfr/article/view/2979/1759
    Download Restriction: no
    File URL: http://www.sciedu.ca/journal/index.php/ijfr/article/view/2979
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jfr:ijfr11:v:4:y:2013:i:3:p:94-106. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gina Perry (email available below). General contact details of provider: http://ijfr.sciedupress.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.