You’ll probably get lots of responses that will be more eloquent than mine; in fact there was a similar thread maybe a month or two ago and some of the posters put it on there very understandably.
First, try not to base your decision on whether or not to bank at all from private cord blood banks. They are in the business of making money and will use the scare / guilt factor to do it. Look for websites from hospitals, cancer societies, the American Academy of Pediatrics, etc…
Second, almost every disease they claim can be cured by cord blood, can only be cured by someone else’s cord blood, because the genetic predispostion or cause that gave the disease to the patient in the first place will still be in the genes of the cord blood for that same patient.
Third, according to OBs and delivery room nurses I’ve heard from, there frequently is not enough cord blood gathered to actually be useful even if the situation were to arise.
OK, now here’s my personal story… I’m a pediatrician and my step-daughter has leukemia. But DH and his first wife banked her cord blood, so they were counting on being able to use that should chemotherapy fail. But when they brought it up to her oncologist, they got the shocking news that, as I mentioned earlier, they couldn’t use her cord blood becuase of its genetic predisposition toward leukemia. When we found out we were pregnant, his ex was trying to insist that we bank our DDs cord blood in case my step-daughter needed it (thankfully since then she’s completed chemo and is 2 years into remission…). So I really looked into it a lot. I mean our daughter would have a half-sister who had an illness that might potentially be cured by her cord blood! So, one of the fellow IVFers that time had a DH who was a pediatric oncologist, and I asked him. He said even in that case it really wasn’t likely that a) they’d need the cord blood, b) be a close enough genetic match to use, or c) that there’d be a great enough quantity to use. He said that even in that specific case he would not recommend private cord blood banking.
Now public cord blood banking is important - anyone who has the need can use the cord blood. It still might not be a sufficient quantity, but the other problems are not there. The issue is that only certain hospitals across the country will do cord blood banking, so if you don’t deliver at one of them, you can’t publicly bank (unless something new has come up in the last 2 years)
Good luck with your decision! Just try to follow advice from impartial sources…