| What Are The Costs Of Stem Cell Blood Banking?
The following is an average costing for private blood banking in Western Europe. While the service of public banking is free it does mean you are giving up rights to the stem cells. They go into a public pool available for use by the general public for medical treatment or by scientists for research.
Most private cord blood banks charge between $1,000 and $2,500 for the collection, processing and initial storage of stem cells. Then you will be required to pay an additional annual maintenance fee of between $200 and $400. Additionally, you may need to pay the hospital a fee for organizing a health provider to withdraw the blood after delivery. Most health insurance companies will not cover these costs. When choosing a cord bank company to store your baby’s blood, ensure they are at a minimum accredited by the AABB, formerly known as the American Association of Blood Banks. Accredited blood banks are inspected every 2 years by the AABB. In an ideal world choose a bank which has also passed the FACT (Foundation for the Accreditation of Cellular Therapy, FACT) inspection process. Only a handful of American companies have managed to do this.
The average cost of collection, processing and initial storage is about $1,200 and an annual ongoing fee of $100 to $150. You can normally reduce the annual fee by agreeing to pay a certain amount of years up front.
The average combined cost of collection, processing and storage for 25 years is about £1,500 to £2,000. Currently about 100,000 sets of parents have chosen to bank their children's blood in the UK.
The average cost of collection, processing and initial storage is about 1,700 Euros with an annual ongoing storage fee of 200 Euros. Irish people are less likely to use this service than their European counterparts. For example, while 18.5 percent of Greeks, 12 percent of Spaniards and 8 percent of Portuguese preserve the stem cells of their children, the figure stands at 0.0001 percent in Ireland.
Other Related Questions
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