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Press ReleaseCord Blood America Marks 10th Anniversary of First in Nation Cord Blood Banking Services Between CorCell and Independence Blue Cross “Launched in 1997, the IBC alliance with CorCell has brought knowledge and awareness to IBC members, providers and corporate, union and government employer groups of the significant value of storing umbilical cord blood stem cells. CorCell’s ‘Saving Baby’s Cord Blood’ program offers a preferred price for cord blood banking services to all IBC members, with more than 4% of expectant parents taking advantage of the program,” said Marcia Laleman, CorCell’s President. CorCell is a national leader in private family cord blood banking. It is the fourth largest private umbilical cord blood bank in the U.S. Cord blood stem cells may be used today to treat more than 70 diseases including leukemia, severe anemia, metabolic blood disorders and immune deficiencies with many additional uses currently under investigation in clinical trials. Previously the umbilical cord, which contains a rich store of stem cells, had been thrown away at birth. “Independence Blue Cross has a long history of providing our members with discounts on innovative health services that are not covered as part of our insurance products, such as private cord blood banking. We believe that this is an important offering for our members, especially given the recent advancements in research regarding the uses of umbilical cord blood stem cells,” said Dr. I. Steven Udvarhelyi, IBC’s senior vice president and chief medical officer. “We are proud to be distinguished as the first health insurer in the U.S. to offer discounts on this valuable health service to our members.” Independence Blue Cross is an independent licensee of the Blue Cross and Blue Shield Association, an association of independent Blue Cross and Blue Shield Plans. “Cord Blood America salutes this important anniversary and appreciates the pioneers who did so much to make the storing of umbilical cord blood an important part of families’ decisions to safeguard their children,” said Matthew Schissler, CEO. About Cord Blood America About Independence Blue Cross Independence Blue Cross’s HMO and PPO health care plans recently received the highest ratings from the National Committee for Quality Assurance. In addition, in 2005, Independence Blue Cross’s Personal Choice was rated the No. 1 PPO in the nation and its Keystone Health Plan East HMO plan was ranked the No. 1 HMO in the region by health care consumers in a leading independent consumer magazine. Independence Blue Cross and Keystone Health Plan East are independent licensees of the Blue Cross Blue Shield Association. Forward-Looking Statements Read more Press Releases by following this link: CorCell Cord Blood Bank News. |
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