I was told that by delaying the clamping of the cord the baby continues to receive red blood cells from the placenta. This can increase the chance that they will become jaundiced because they have an overload of red blood cells in their system... This person was arguing that because so many babies do become jaundiced anyway, they don't really need these red blood cells...

Not 100% sure what I make of that argument though but since you asked I thought I would share...