Is Umbilical Cord Blood Banking Worth the Cost?
It’s a common question facing moms-to-be who are already overwhelmed with labor and delivery costs. Umbilical cord storage is often advertised as an insurance policy for your baby’s life. Lofty claims like that can make storage seem like a necessity.
However, experts say your kid’s cells are actually more likely to save someone else’s life than their own.
Cord Blood Registry (CBR), one of the nation’s largest umbilical cord and stem cell storage facilities, admits that only about 100 families have successfully used their child’s stem cells in the 20 years the company has been in operation.
NBC Bay Area’s @vickydnguyen investigates the cord blood storage industry and finds that complaints are not the only thing you should consider before paying to store your child’s umbilical cord blood and stem cells.
Nguyen’s previous investigation found that the FDA inspects just a fraction of umbilical cord blood banks.
A newborn child’s umbilical cord contains valuable stem cells. Millions of parents spend thousands to privately bank their baby’s cord blood in the hope that it could be used to cure it of certain diseases in the future. The umbilical cord blood business is huge, estimated at $4 billion dollars worldwide. The Bay Area is home to the biggest private blood bank of them all, Cord Blood Registry (CBR). [Continue…]