Do you think it is ethical to have private cord blood banks?

Do you think it is ethical to have private cord blood banks?

Nonetheless, collection and storage of cord blood raise ethical concerns with regard to patient safety, autonomy, and potential for conflict of interest. In addition, storage of umbilical cord blood in private as opposed to public banks can raise concerns about access to cord blood for transplantation.

What is public cord blood banking?

Public cord blood banking is the act of donating your baby’s cord bood to be used by a family in need. Donating cord blood is absolutely free. The registry of donated cord blood available is kept by the National Marrow Donor Program and is called Be the Match®.

Why banking on cord blood isn’t necessarily a good idea?

The Society of Obstetricians and Gynecologists of Canada in 2005 recommended against private cord-blood banking for personal use because “of the limited indications and lack of scientific evidence to support the practice.”

Is cord blood worth keeping?

FalseYou’re right. Doctors do not recommend that you privately bank cord blood on the slight chance that your baby will have a disease that could be treated with stem cells.

Should I keep paying to store cord blood?

Doctors recommend that you bank your baby’s cord blood only if a family member already has one of these illnesses. You might consider donating the cord blood to a public bank instead. You probably won’t be able to use the blood, but it could be used for research or for another child.

What do they do with donated placenta?

Currently in the United States, donated placentas are routinely used for drug testing, disease studies, and wound dressings. Registered clinical trials are studying additional applications of birth tissues for a wide variety of diagnoses, including arthritis, autism, coronavirus, and more2-8.

Can HSA funds be used for cord blood banking?

Yes. FSAs (Flexible Spending Accounts), HSAs (Health Spending Accounts), and HRAs (Health Reimbursement Arrangements) are all special un-taxed accounts you can use to pay for out-of-pocket healthcare costs. FSA and HSA accounts will sometimes cover cord blood banking when medically necessary.

Is it worth storing stem cells?

No one knows how stem cells will be used in the future, but researchers hope they may be used to treat many conditions, like Alzheimer’s, diabetes, heart failure, spinal cord damage, and others. It’s possible that storing your child’s cord blood cells now may be useful one day in combating these diseases.

Is private cord blood banking better than public cord blood donation?

Finally, while donating is free, retrieving a public cord blood collection is not and pales in comparison to the overall cost of privately banking cord blood. These are just some of the reasons why privately banking cord blood may be the better option for some families.

What is the difference between a public and private blood bank?

Public banks unlike private banks, require no cost for your donation or storage. They are a good option if you are not able to afford to privately store your child’s cord blood. Since they are both publicly and privately funded they are able to preform the collection and storage at no charge to your family.

Is necbb a public or private cord blood bank?

At NECBB, we get a lot of questions about Private vs. Public Cord Blood Banking. Obviously we are a Private Cord Blood Bank, and because of that, we would love to be the private bank to earn your business.

Why choose private stem cell storage for cord blood?

Being that they are privately funded, when a family chooses to store their cord blood privately, they own those stem cells. This means that you and only you have access to the use of those stem cells. When you enroll, you secure the processing and storage of those cells until the day you may need them arrives.