June 20, 2014
A common myth when it comes to cord blood banking is that it is a very expensive undertaking. Although, when looking at the big picture, it’s easy to see how the cost is actually very minimal.
To store your baby’s cord blood at CariCord, the total upfront cost is less than $2,400. If you take advantage of the early enrollment discount, that price drops to just $2,095. When you consider that if the need ever arises where you or someone in your family need to use the cord blood for a stem cell transplant, there is no cost to retrieve your stored blood. On the other hand, if you were to acquire stem cells from a public cord blood bank, the average cost per unit is close to $30,000.
Donating cord blood to a public bank is a very noble and selfless endeavor, and one that is usually at no cost to you. However, in the future, if you find that your child or other family member happen to need a stem cell transplant, there is NO guarantee that you would receive your cord blood back. And any cord blood stem cell unit you received would come at a high price.
The simple thought of saving your child’s cord blood as a kind of safeguard for your child’s future health, is one that you can’t put a price on. But, let’s go ahead and look at the numbers, using 20 years as an example. If you consider that the upfront processing cost of $2,095, plus $3,000 ($150/year in storage costs x 20 years) the total cost to bank your child’s cord blood is just over $5,000. If you break it down by month, $5,095/240 months, the cost of providing your child with a possible cure for one of more than 80 diseases treated with cord blood stem cells is just over $21 a month.
Many parents might ask, “But what are the odds that my child will ever need a stem cell transplant?”
Considering that in the United States, the odds of your child being diagnosed with autism is 1 in 88, or that 1 in 300 kids under age 10 have cerebral palsy, or that 1 in 45 babies are born pre-term, or that type 1 diabetes afflicts almost 1 in 500 kids under age 19…the odds of needing a stem cell transplant are actually increasing, as new treatments are developed. Even though the conditions cited above are in clinical trial and experimental stages, almost all of todays advanced therapies started out as experimental.
For more information on pricing or other services available through CariCord, visit our Product and Service Pricing page.