If you have been researching cord blood banking, you have probably heard of the AABB, the organization that accredits blood banks, including labs that process cord blood. The AABB publishes a monthly newsletter for its member blood banks. This months issue of AABB News focuses on the growth of cord blood and cord blood banking. …
Continue ReadingThe Stem Cell Controversy
With the investigation of embryonic stem cells as potential treatment for diseases, stem cells have become very controversial. Parents wonder if banking their infant’s cord blood will be controversial. The short answer is no. Cord blood stem cells are used to nourish a baby while the baby is in-utero. Once the baby is delivered, the …
Continue ReadingCord Blood May Become an IRS Qualified Medical Expense
Last week, US representatives Ron Kind (D-WI), Wally Herger (R-CA), Artur Davis (D-AL), Bill Pascrell Jr. (D-NJ) and Mike Thompson (D-CA) introduced the Family Cord Blood Banking Act. This act will amend Internal Revenue code to add cord blood banking services as a qualified medical expense. This would allow individuals and couples to pay for …
Continue Reading