What is private cord blood banking?
For a fee, a private cord blood bank will collect, process, freeze, and store your baby's stem-cell-rich umbilical cord blood for your family's future medical use. There are two potential ways that your family might use privately stored cord blood.
One is if someone in your family needs a stem cell transplant to treat a certain potentially fatal disease, such as leukemia,sickle cell anemia, lymphomas, or an immune deficiency. If your baby's cord blood is a good match, it may help save a life.
The other possibility is that your baby might need her own cord blood for one of the new therapies in which stem cells help children with developmental problems to heal themselves. Babies and young children in the United States are currently being given their own cord...