Misleading Claims in Cord Blood Banking Exposed

The New York Times
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An investigation into cord blood banking reveals misleading claims made by banks that promote the storage of umbilical cord blood for potentially life-saving treatments. Every year, many pregnant women receive advice from obstetricians to preserve some of their baby's cord blood, often accompanied by assurances of its life-altering potential, citing over 80 conditions it could treat. Despite these claims, findings indicate that the actual use of stored cord blood in medical treatments has significantly declined since 2008. Initially, the marketing surged in the 1990s and mid-2000s due to excitement about cord blood's capabilities, particularly its stem cells. However, newer stem cell collection methods have emerged, causing a drop in reliance on cord blood for transplants. While parents typically incur costs ranging from $1,000 to $3,000 for the initial processing and subsequent annual storage fees, many find that when they wish to use the stored samples, contamination issues or insufficient stem cell quantities render it impossible. Research shows that over half of the patients who attempt to use their stored cord blood experience complications. Marketing tactics targeting expectant parents often exploit their vulnerability, intensifying concerns about their children's future health.
Highlights
  • β€’ Cord blood banks market storage as essential for child’s health.
  • β€’ Claims include treating over 80 health conditions.
  • β€’ Actual use of stored cord blood has decreased significantly.
  • β€’ Initial storage fees can range from $1,000 to $3,000.
  • β€’ Annual fees for storage range from $100 to $400.
  • β€’ Contamination and quantity issues hinder usage.
  • β€’ More than half of families cannot utilize stored samples.
  • β€’ Marketing strategies often play on parental fears.
  • β€’ New stem cell collection methods reduce reliance on cord blood.
  • β€’ Investigation highlights lack of transparency from several banks.
* dvch2000 helped DAVEN to generate this content on 08/27/2024 .

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