People store the cord blood after there baby is born because in the future should the baby become sick as either a baby, child, teen or even an adult later in life the cord blood can be used to treat thing such as blood cancers including leukemia and lymphoma, as well as certain disorders of the blood and immune systems including sickle cell disease and Wiskott-Aldrich syndrome.
Cord blood storage costs range from $2,000.00 to $3,000.00 for the initial cord blood storage fee and then another $100.00 to $150.00 per year to keep the cord blood in storage.