By this logic, would you say that software engineers should be financially liable for any bugs they cause along with people who misdiagnose those bugs in the process of root cause?
Yes. Professional engineers are held ethically, professionally, and in some cases financially responsible for the work they sign off on. Personally, I agree with Dijkstra who pointed out in a speech in 1993 that the term "software engineer" is a hollow sham:
> And also the programming manager has found the euphemism with which to lend an air of respectability to what he does: “software engineering”...
> In the mean time, software engineering has become an almost empty term, as was nicely demonstrated by Data General who overnight promoted all its programmers to the exalted rank of “software engineer”! But for the managing community it was a godsend which now covers a brew of management, budgeting, sales, advertising and other forms of applied psychology.
> Ours is the task to remember (and to remind) that, in what is now called “software engineering”, not a single sound engineering principle is involved. (On the contrary: its spokesmen take the trouble of arguing the irrelevance of the engineering principles known.) Software Engineering as it is today is just humbug; from an academic —i.e. scientific and educational— point of view it is a sham, a fraud.
From https://www.cs.utexas.edu/users/EWD/transcriptions/EWD11xx/E...
In contrast, how do I even know my medical diagnosis was wrong? How do I know it could have been better given the facts at hand at the time? There also seems to be no market function at all that gives market feedback to the medical institution
Edit: procedures going wrong is of course already highly penalized and insurance for this is a significant cost of our health care.