Malaria is one of the most persistent yet solvable problems on earth, and progress has been made as awareness increases.    Netting, cheap drugs, and anti-mosquito programs all have a role to play and the cost of these measures pales in comparison to what we spend to save a few lives here in the developed world.  

One of the issues I can’t emphasize enough to my fellow fiscal conservatives is that saving lives *DOES NOT* result in increased populations.    This is a faulty but common notion that leads the developed world to spend far too little on poverty reduction which has an extremely high return on the investment by any practical measures and certainly a high return by moral measures.

Can you, personally, save a human life by giving a few bucks to a malaria program?  Yes, you can and I am willing to give anybody a money-back guarantee you will feel good about it:
http://www.malariaconsortium.org/pages/world_malaria_day_2008.html