Is it common to read outloud the label of whatever you're about to administer to a patient?

I recently read about a sentencing for a former nurse who had mistakenly administered a lethal dose of whatever instead of a sedative and killed someone. A commenter mentioned a time during a hospital visit where the nursing staff would read out loud each drug before they administered it while the patient was around.

That seems like it should just be common practice everywhere to verify drugs + to reassure patients, but what do you all think? Is this something that is considered by professionals?