I can understand that position, but in practice I don't think you'd like the quality.
One of the big advantages of hearing aides is that they have multiple microphones that have known alignment with your head position. With all 4 mics separated in space, they do a good job of isolating audio coming from in front of you vs from around you.
Plus people can lose hearing in different bands: they might hear bass fine but people with high-pitched voices may not register. Just turning up the volume won’t address that.
The FDA regulations allowing for OTC hearing aids didn't go into effect until a little under two years ago, so regardless of the technical feasibility, the market viability of what you're asking for is a recent thing. (Though since using wired headphones with smartphones has been in decline for well over two years, the market viability is still questionable at best.)