World Stem Cell Summit 2010

Thursday, December 10, 2009

Cord Blood America's (OTC BB: CBAI) CorCell(R) Forms Strategic Alliance To Assist Nearly 20 Million Union

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Cord Blood America's (OTC BB: CBAI) CorCell(R) Forms Strategic Alliance To Assist Nearly 20 Million Union Members

Blue Cross And Blue Shield Association National Labor Office Selects Cord Blood America's CorCell ® and FutureScripts ® As Strategic Alliance Partners

New affiliates offer wellness and pharmacy benefit assistance to NLO's nearly 20 million union members and their families

December 9, 2009




Jackie Fishman (Media Inquiries Only)

WASHINGTON – The Blue Cross and Blue Shield Association's (BCBSA) National Labor Office (NLO) announced today that it has formed strategic alliances with FutureScripts and CorCell Companies, Inc.

The NLO has added CorCell and FutureScripts to its portfolio of strategic partners in an effort to provide its labor partners with education and information that help their members take advantage of the best healthcare services.

The Blues' network of healthcare providers offers health benefits for more union workers, retirees and their families than any other national insurance carrier.  These new company affiliates will provide specialized expertise on pharmacy benefits and disease treatment technology to help meet the needs of the union members, retirees and their families.

"We are committed to helping our labor customers discover efficient and effective ways to manage healthcare costs," said Bonnie Summers, executive director of the NLO. "We 

believe that the disease treatment technology presented by CorCell and the integrative pharmacy management approach offered by FutureScripts are excellent approaches to maximize the best healthcare practices at the best cost for labor membership."

FutureScripts, an independent company headquartered in Philadelphia, is a pharmacy benefits management company delivering affordable prescription drug coverage to employer groups, labor union groups and health plans.  The company works directly with drug manufacturers and a nationwide network of more than 60,000 pharmacies, including independent pharmacies and pharmacy retail chains.  FutureScripts has developed management tools to ensure access to appropriate prescription drugs, while developing programs and services designed to help members save time and money.

CorCellCompanies, Inc., a Cord Blood America® company, was the first licensed private cord blood bank in the United States.  CorCell, an independent company, is dedicated to umbilical cord blood storage and preservation in order to protect the resulting stem cells so they could be used to combat potential, future life-threatening illness.  The company currently safeguards cord blood stem cells for approximately 20,000 customers and ensures these cells are accessible for treatment regimens available today and far into the future.

One-fifth of the Blues' overall enrollment nationwide is made up of collectively bargained contracts. 

The Blue Cross and Blue Shield Association is made up of 39 independent, locally operated Blue Cross and Blue Shield companies that collectively provide healthcare coverage for nearly 102 million Americans. For more information on the Blue Cross and Blue Shield Association and its member companies, please visit


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