Life is most worthy
Cord banking cost is always being a debateable issue among the parents. In this process mega production can’t cut the cost. In the initial process where the sample is taken, all human interaction is involved along the the collection kit for the sample. Each sample to be individually collected, tested and processed by the trained laboratory staff. Other than professional staff, quality of collection kit also matters. Low cost banks use low quality collection kits.
The shipping/preserving container should be properly insulated to insure the survival of newborn stem cells.
There are two types of cord blood banks
There are only few public cord blood banks around the world offering this facility. Even in some countries public banks does not exists. There are almost 20 public banking facility in United States. Public cord banking is totally free(Collecting, testing, processing and storing).
The ratio of private cord blood banks is much higher as compare to public banks. They are almost in every developed and developing countries but they are costly and it costs around $1,500 to $2,400 for collecting the blood, testing and registering. In addition to that there are annual charges as well which varies between $95 to $125 per year for storing it.
This is a bank which may be needed even after 40 years of sampling date of baby’s blood and cells. So, parents defiantly want to do it by professional equipment and trained staff.
American Academy of Paediatrics (AAP) states cord blood has been successfully treated certain diseases, but there isn't strong evidence to support cord blood banking. If a family decided to choose to bank cord blood, the AAP recommends public cord blood banking (instead of private) to reduce costs and offcourse it is still in development phase.
No, till date no health insurance companies will typically pay of the costs of cord blood banking families.
The good news is “Yes”, if you have any children who could benefit from umbilical cord blood & cells. But it is only possible if your baby has a biological sibling with certain diseases. In United States FamilyCord will provide free cord blood storage for one year. You can find different banks providing this facility.
Private cord blood banking can benefit those with a strong family history of certain diseases that damage the blood and immune system, such as leukemia and some forms of cancers, sickle-cell anemia, and some metabolic disorders. A child in the family(with biological siblings) who is sick with one of these diseases have the bright chance of finding a match with their baby's cord blood. A family with history of autism, Alzheimer's, and type 1 diabetes can benefit from cord blood banking. Although, at the time of this article writing, these diseases aren't treated with umbilical cord steam cells, but researchers are exploring ways to treat them (and many more) with cord blood.