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Why is cord blood banking so expensive if it's such a great thing?

All you see is ads saying it's the best for your baby. All the ads do is make parents feel like crap when they can't afford to do what's "best!"

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Anonymous

Asked by Anonymous at 7:36 PM on Jan. 31, 2010 in Politics & Current Events

Answers (14)
  • It's a profitable business just like everything else.

    legalmommy101

    Answer by legalmommy101 at 7:36 PM on Jan. 31, 2010

  • We've been storing our children's cord blood since 2002 and 2003 respectively with Viacord. I don't know what the fees are now, but back then we paid $1000 for the initial collection, storage for first two years, and $95 per year thereafter. We did buy a "package" plan for 10 year storage for a reduced rate.

    The costs associated are for maintaining the cryogenic storage facility, and research on cord blood. As with any new biotechnology, costs are quickly utilized in conducting the research.

    We spend more annually on home and auto insurance! I consider it an investment in ours and our childrens' medical futures (cord blood can also be replicated for parents' use if need be!)
    LoriKeet

    Answer by LoriKeet at 7:48 PM on Jan. 31, 2010

  • It's not such a "great thing". They are playing on your fears and charging you for the privilege.

    jesse123456

    Answer by jesse123456 at 7:48 PM on Jan. 31, 2010

  • You can donate it and have it cost you nada. On the other hand that means that it will not be available to YOUR family if you ever want to use it. The costs come when families store their cord blood and it is not able to be used by anyone other then the family. So.... it all depends on what you view as 'best'. If more people (or the majority of families) donated the cord blood it may make it more affordable for everyone in the end.
    That being said the number one way to sell things is through fear. You have fear, they have a product that will calm that fear. Since it is a specialty market they can charge higher then need be because you are looking for them, not vice versa. But as a pp mentioned there ARE costs for storing, and those do get passed to you as a 'consumer'.
    ethans_momma06

    Answer by ethans_momma06 at 8:09 PM on Jan. 31, 2010

  • Fear, or if you have the means to pay for saving your cord blood, Its called being responsible!
    Anonymous

    Answer by Anonymous at 8:40 PM on Jan. 31, 2010

  • Years ago women didn't have pre natal care. Today, we know better. Tomorrow cord blood saving will be a responsiblity, like pre natal care.
    Anonymous

    Answer by Anonymous at 8:42 PM on Jan. 31, 2010

  • I agree, its the responsible thing to do, if you can afford it.
    Grandmarga

    Answer by Grandmarga at 9:01 PM on Jan. 31, 2010

  • It is expensive, because you are not just paying for the kit to extract it. You are paying for the freezing, the equipment, the salaries of the employees, the salary for security. You are paying for the facility maintenance and research. It is just one of those things that you do not have to do if you can't afford it.
    Crissy1213

    Answer by Crissy1213 at 9:02 PM on Jan. 31, 2010

  • $$$$$$- it's a business. You're paying rent to store an item that you might need in the future.

    Sisteract

    Answer by Sisteract at 9:11 PM on Jan. 31, 2010

  • Because they can charge it and people will pay it. We've skipped it and done delayed cord clamping instead. I'd rather my babies get their blood now, than bank it just in case they get one of the rare diseases it can treat.
    asaffell

    Answer by asaffell at 9:38 PM on Jan. 31, 2010

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