We have another appointment today at 2:30 where I think we will see Dr. Chen again. Last visit he brought up cord blood banking and I started wondering how much of an "insurance" policy it really was. So, like I am sure a lot of people have done, I did some research. Dr Chen said that he recomended a company called ViaCord and they had been around for a while and due to the nature of Cord Blood Banking, meaning they will be storing it till we tell them to stop, going with a seasoned company would be ideal. First a little background for all of you out there that were like me a few months ago and had no idea what "Cord Blood Banking" is. Basically, you take blood from the ambilical cord after birth because it is very rich in stem cells and you store it for possible later use. Now, here is the thing about later use. Currently the theory is that those stems cells can someday be turned into any other type of cell. So, you could possily treat things like Leukemia, Lymphoma, Sickle Cell Anemia, and others. Now that sounds great and does bring some benifit but this practice is still in its infancy and really not fully supported by many medical associations for every person [
AAP and
ACOG]. It turns out that not many of these associations even take a stance on the practice other then to say the Doctor recomending it disclose any finacial benifit they might recieve from your choice to do it. And as far as I can tell the probability that you would even use it ranges from 1 in 1,000 to 1 in 200,000.
I think this quote from an
article for WebMD says it best:
"Other estimates range widely. Advertising from one private cord blood bank puts the odds at 1 in 27. The American Academy of Pediatrics suggests it's more like 1 in 200,000. Indisputably, there are very few documented cases of a child receiving his or her own banked cord blood as treatment. The Institute of Medicine says that there may only have been as few as 14 total of these procedures ever performed. One reason is that the conditions cord blood stem cells could help treat just aren't that common. "The diseases in children that we can treat with their own cord blood stem cells are really rare," says Feig."
In all, I think the whole thing boils down to a few comapnies jumping on the stem cell bandwagon and feeding off the good intentions of soon to be parents. This is what it takes to get your baby's cord blood privatly banked: Setup fee of about $1800, Yearly fee of between $100 and $500. I hope I don't sound like someone that doesn't care about my baby, but thats a lot of money to spend on something that will more then likely never be used.. What do you all think?