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@Bad_Science
Not so much "not set up correctly" as "evolved over nearly 1000 years and arrived at something that works marginally better than all the other ways which we've tried out".
There is always scope for amendment, and it actually does change fractionally all the time. The trouble is that the fractional changes are individually marginal when viewed in the short term of the average attention span, and the media are only interested in the place when it makes a mistake. Unfortunately, the vast majority of the general public either thinks the lords are still wholly hereditary and irrelevant, or has no interest in any sort of politics unless there is a bite-sized headline with a clear instruction on who to blame for the latest outrage.
Most of the time the Lords just get on with quietly correcting the half-finished work of the Commons, in a way that is never going to excite anyone or provoke any media coverage.