Yes? Why wouldn't I?
Who's going into debt to be at university in the UK?
Everyone should care about the efficacy of the education system. It's the foundation of a useful society, and essential for its betterment. This method of cheating and its rate of adoption is a major blow to a whole generation of students that will learn to have others think for them instead of leaning to think for themselves.
This is a story ask about the UK, not the US, though I imagine the situation is similar.
It's absolutely cheating - it's plagiarism. It's no different in that regard than copying a paper found online, or having someone else write the paper for you. It's also a major self-own - these students have likely one opportunity to better themselves through higher education, and are trashing that opportunity with this shit.
I do agree that institutions need to adapt. Edit history is an interesting idea, though probably easy to work around. Imo, direct teacher-student interfacing would be the most foolproof, but also incredibly taxing on time and effort for teachers. It would necessitate pretty substantial changes to current practices.