Harm due to unavailability of drugs or higher costs are much harder to track, of course.
Yet another case of a balance being hard to reach due to the visibility of costs on one side versus the difficulty of measuring on the other. So easy for the general public to see the cost of strictly enforcing overly conservative expiration dates as close to zero.
/offtopic: these issues are the achilles heals of democracies. Not that there's a better system.