When it comes to cord blood banking cost, it’s the first year that dissuades most that do not pursue it. This is because the initial cost is nearly 10 times more than the years that follow.
As most already know, the blood that is being referred to here is the umbilical cord blood that can only be harvested or collected at the time of birth. The purpose of saving this blood is for the valuable stem cells that are present in the umbilical cord.
The collecting of this blood in no way harms or already comes close to placing either the mother or the new born in any danger. The blood is collected after the placenta and umbilical cord is already detached from both the mother and the new born.
The collection course of action can be done by the bag method or with a syringe.
As part of the first year’s storage fee is the fee for the collecting and processing of the blood. This is the reason the average price is over $1000. Some places like private cord blood edges, charge in excess of $2000. The public cord edges start at about $750.
The annual fee for keeping the umbilical cord blood in a condition that it can be used starts at $75 and could be as high as $200. The way the blood is kept usable for years is by halting it. These freezers have to be maintained with back up subsystems. This is part of the reason for the high cost.
This is currently what the cord blood banking cost is in the year 2010. This price has been steady for the past 6 years.