braces_for_impact
Veteran Member
The article is HERE.
I have donated plasma on and off for years in order to make ends meet, until I moved to Florida. Here, the plasma is so in demand that over the several times I've called the local donation centers in the last two years, they're unable to take new patients. Since I last donated, most places have moved to a prepaid card system as opposed to cash to pay their donors. This is yet another way to get the poor whether they're coming or going.
These companies flip you a paltry sum and make hundreds, even thousands per liter, and then the banks come along and cut even that amount by a fraction. There are always going to be desperate, needy people. I call this what it is though. It's exploitation.
I have donated plasma on and off for years in order to make ends meet, until I moved to Florida. Here, the plasma is so in demand that over the several times I've called the local donation centers in the last two years, they're unable to take new patients. Since I last donated, most places have moved to a prepaid card system as opposed to cash to pay their donors. This is yet another way to get the poor whether they're coming or going.
Like oil companies, the plasma industry keeps finding new wells to tap. A hundred centers opened during the Great Recession, doubling the donor pool from 12.5 million transactions in 2006 to 23 million in 2011, the year I went back to donating. BioLife’s website boasts that the industry has gone from $4 billion a year to $11 billion per year, with no signs of ebbing to pre-2008 levels. Its collections are used for medical research, and to provide a key ingredient in medical products used primarily to treat clotting problems or to aid antibody production.
The screening process doesn’t ask you about your financial status — walking through the door is a strong indicator on its own — but many donors are among the estimated 58 million Americans who lack access to traditional banking services. Often they don’t have enough money to open an account or to meet the minimum balances, or the income they do have isn’t regular. The unbanked are disproportionately people of color and undocumented workers.
Chase offers a prepaid card product, fittingly named Liquid, used by some clinics. The Chase card guide promises users only a monthly service fee of $4.95 along with the standard fee of $2.50 per transaction or balance inquiry at any non-Chase ATM. The monthly fee alone represents a sizable chunk of the payout for plasma donation and can even make it instantly worthless for cash withdrawals if the charge drops the balance below the $20 minimum of most ATMs....
These companies flip you a paltry sum and make hundreds, even thousands per liter, and then the banks come along and cut even that amount by a fraction. There are always going to be desperate, needy people. I call this what it is though. It's exploitation.