If cord blood can be used for parents is the very common question that many adults have.
And of course, the answer is Yes”.
Actually, it’s very common reason for the parents to save and store their baby’s umbilical cord blood. And it’s not just parents that could benefit from the cord blood stem cells, but other family members can too.
As far as the DNA matches, the blood can be used to treat many different diseases. The decision is entirely up to the mother, whether she wants to preserve the cord blood for the future, donate or discard.
The cost of storage would range somewhere between $1500 – $3000 plus the annual fee of about $100. But the price pretty much differs from bank to bank, whether we are choosing private or public cord blood bank, etc.
Here is What Independent Experts Got to Say
Expectant parents have a number of big financial decisions to make. Increasingly among them, what to do with baby’s cord blood.
Cord blood is a hot commodity. Taken from a newborn’s umbilical cord shortly after birth, it’s a rich source of stem cells that can be used to treat dozens of disorders, including several forms of leukemia, lymphoma and anemia. Parents have the option to discard it, donate it or store it with a private cord blood bank.
Private cord blood banks store the blood for a fee, in the event that the family might need it in the future. The banks also let families donate the blood for free, where it can be matched with patients in need or used for medical research.
The pitches for cord blood banking, particularly for private banking, are everywhere — hawked at tables at baby fairs, in brochures in doctors’ waiting rooms, on pop-ups in pregnancy apps and through ads in parenting magazines. July is even National Cord Blood Awareness Month. But doctors urge caution before signing up for private cord blood storage.
“What I tell parents is, this is a choice — and you should make an informed choice,” said Dr. Sergio Giralt, the immediate past president of the American Society for Blood and Marrow Transplantation (ASBMT).
Quarter-million-dollar baby: The cost of raising kids
Private cord blood banking can be expensive. Depending on the bank, current promotions and whether you’re storing cord blood, cord tissue or both, initial processing fees can run from roughly $500 to $2,500, with annual storage fees of $100 to $300 each year thereafter. That’s no small change, considering the USDA estimates middle-class parents already spend $12,940 on a baby during the first year, a figure that doesn’t include the cost of giving birth or starting a college savings fund.
Private banks may waive some or all of the fees if clients have a family member who stands to benefit from the banked cells, though the criteria for qualifying — and the savings — vary from bank to bank. Donation to a public bank is free.
Doctors say there’s a good reason for parents-to-be to consider taking some action on baby’s cord blood.
Original source and full article: https://www.nbcnews.com/business/consumer/cord-blood-banking-n400561