The estimation of medical cost for Ischemic heart disease

Abstract

The number one killer in Malaysia reported to be the Ischemic Heart Disease. To make matters worse, the medical cost for treating this disease has also increases. Therefore, it is important for us to be informed of what are odds of getting ischemic heart disease and the expected cost needed for treating heart disease so that we can plan for future savings. This paper calculates the probability of getting heart disease based on age, gender and ethnic. We then estimate the expected medical cost of different procedure for treating ischemic heart disease varying age group. A comparison between different age group, the probability of suffering form from heart disease rises as age increases and the rate is the highest for those in age 50 to 59. While probability of male getting heart disease is higher as compared to female. Further, Malay was the most diagnosed with heart disease as compared to Chinese and Indian. The expected cost for Ischemic heart disease also varies by age and procedure where those in the age of 50 to 59 need to save the most for medical treatment

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