According to the FTC Funeral Rule, who is responsible for setting the prices of required packages?

The FTC Funeral Rule mandates that funeral homes provide consumers with clear and itemized pricing for funeral goods and services. Under this rule, it is ultimately the responsibility of individual funeral homes to establish and set the prices for their required packages. This means that each funeral provider determines the costs associated with their offerings, taking into account factors such as overhead costs, regional market conditions, and business strategy.

The FTC does not set specific prices; rather, it requires transparent pricing practices so that consumers can make informed decisions. Additionally, local government regulations typically focus on licensing and operational standards rather than price-setting. Consumer influence exists in a general sense, as it can affect demand and competition, but does not involve direct involvement in determining the actual prices of funeral packages. Therefore, the responsibility lies with the funeral homes to set their own pricing within the framework established by the Funeral Rule.