Cord blood banking. Isit really necessary?

Hi all, just curious about cord blood banking if is there anyone there who opt for this? Is there a fee to this if so roughly how much? TIA ?

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The cord blood that we are storing for our baby today is a potential medical resource for the future, and does not require stringent matching as opposed to conventional bone marrow stem cell transplants. In comparison to other types of stem cells obtained from other sources, umbilical cord stem cells are able to grow healthy blood stem cells at a faster rate. It should be with 7k to 8k

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