I completely agree that's an issue, although more of an economic / public health policy issue than a technical one. There are low field MRI systems, such as the one made by Hyperfine that are, like you say, an order of magnitude cheaper and simpler to run. We should have these everywhere, IMO
MRIs are fundamentally expensive. Yes we can bring the price down a bit, and we can set more money aside for them, but they’ll always be limited by their price.
Even if this technique is much worse (I can certainly believe it is) the price might allow uses that would never be practical with MRI even with the best financial support. For example, ultrasound might be viable for use in GPs or small medical facilities which could never dream of justifying an MRI machine.