I listened to KCUR 89.3 this past weekend and learned about the blood donation business. I was stunned to find out that the "do public good" blood donation in fact is a million dollar business!
People thought they are going to help someone who is in need of help and might not realize that they are helping the blood bank to gain profits.
The blood bank in Appleton Wisconsin declared shortage so they requested from the public. In fact it's the opposite. They did not have shortage; they have too much so they sold to a small tome in Kentucky $10-$20 per pint. The Kentucky blood bank then sold it even much higher price, up to $300 per pint to New York City hospitals!
If we take a close look to the taxation of the blood banks across the country, we would find their annual revenue are millions!
Next time when you want to donate blood to help someone, think twice.
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