It's fine. It's a sport where you get punched in the head until you can't punch back. You're still in more peril playing golf or crown green bowls.

Could it be safer? Of course, some good points have been raised already. Does anyone in real power actually want that?

Whilst the practice of dragging dried out or bloated bodies up and down in weight to make a fight goes on. Lets not pretend that anyone complicit in that practice actually cares about fighter safety.