This is an egregious misunderstanding of what it means to be an applicant.
The financial costs to applying alone mean that just by virtue of applying, you end up worse off than you were before you did. This is only (theoretically) alleviated if you get an acceptance. Even though the majority of the pre-med and medical communities are extremely well-off, the cost is still absurd even for them; applicants are encouraged to apply to around 15+ schools, which results in thousands of dollars of fees.
Not only this, but the opportunity cost to applying is incredible steep as well. Not only are applicants unable to commit to many serious opportunities (as described above), but when advising applicants, people always say that they should be working on their application during the season as if they are going to be rejected. This always includes things like, "take classes to improve your GPA", "study for/retake the MCAT", "volunteer more", "get more research experience", "get more experience working in the medical field". All of these either 1) directly cost a lot of money, 2) take time away from making money or committing to any kind of serious career or academic advancement, or 3) keep an applicant stuck in a job/other position that isn't fruitful as a meaningful long-term option should medical school fail as an option.
The entire process of applying to medical school asks applicants to sink an incredible amount of money and time into the process that gets you basically nothing if you fail to get into medical school. It's a massive risk for an all-or-nothing reward. That can hardly be construed as "losing nothing" if you get rejected.