For non-critical medicines, that may be reasonable.
In the late 1970s, the FDA first began requiring expiration dates on both prescription and over-the-counter medications.“To assure that a drug product meets applicable standards of identity, strength, quality, and purity at the time of use, it shall bear an expiration date determined by appropriate stability testing,” reads the agency’s regulation.
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The term "shelf life" of a drug slightly differs from a drug's "expiration date".
The shelf life generally relates to a drug's quality over a specified period of time, whereas the expiration date relates to both quality and safety of a medication at a specific point in time.