The alternative is, if you don't incentivize someone financially to spend a decade studying medicine, they won't or they will immigrate to somewhere where they can.
This is what my SO did when leaving Vietnam - her med school tuition was around $6k/yr in a country where median household incomes are $2-3k per year (and more like $1.5k for her parents, being tenant farmers) and she'd end up working for $700-800/mo working 70 hour weeks and best case $2k/mo in 5-7 years. Unsurprisingly, she chose to leave just like the rest of her peers, because you can't even buy a house in a tier 4 city in Vietnam without spending $100k anymore, let alone a HCMC or Hanoi where the jobs are actually located.
Similar story for my cousin in India as well - he's attending a T5 AIIMS and is looking at 10 years of medical education (an MBBS doesn't cut it in 2025 anymore - you need an MD as well now) in order to get a $15k starting salary, but he is also lucky that his parents are both doctors. If he was not from that background he would have probably attempted the USMLE as well and leave.
Both India and Vietnam are seeing a significant medical exodus, as is the UK, South Korea, and other countries where this kind of penny pinching sentiment is rife.
HNers harp about layoffs and offshoring, but seem to only care about stagnating wages for themselves in high wage industries with no barriers to entry, relatively chill work cultures, and no risk of legal liablity.
What do you guys want? Barefoot doctors and aryuvedic treatment?