Honestly, I'm still under the impression that the main problem here is teaching students why they should care rather than spending ages trying to physically ground every single equation and mathematical operation they learn - once they learn to have a passion for the subject, their curiosity will lead them to try and develop an understanding for the equations they learn in a way that suits them.
My reasons:
1. At least from my understanding, often some physicists don't do physics because it holds practical value or even a physical meaning that is easily reflected in our everyday world. And that's completely fine.
2. Not every equation has an easily viewable physical interpretation, and many equations are dealing with an abstracted version of what is actually happening, because that offers deeper, richer insight into the system at hand. Like what was said previously:
3. Physics isn't intuitive. To learn physics means you need to leave your intuition behind completely (from my experience).
Trying to give every equation a concrete physical grounding might lead to problems later on when the physics becomes more and more abstract, and when giving a physical interpretation via simulations etc is either difficult or misleading. You shouldn't give your students the idea that physics is an intuitive discipline where everything mathematical can be easily reflected through the real world, or that there isn't lots of abstraction/abstraction is vague and not a tool to gain further insight into a system (a nice simple example of where abstracting a system has lead to valuable insight:
3Blue1Brown's video on colliding blocks computing pi) .
If you make kids want to understand everything, if you make them want to know what is going on and learn more physics, then if they feel as if they are manipulating equations with no idea as to what they mean, they will pursue further understanding themselves, asking questions or looking through the internet to gain insight until they are satisfied. Usually, a mathematical derivation that the students can follow and interpret well is good enough to satisfy this curiosity. But if the students don't care about anything except whether what you're teaching will come up in the exam (which, in my experience, is what usually ends up happening), then they probably won't even try to fully understand or get to grips with what they're being taught, in fact they might even prefer a teacher who just teaches them to solve questions and not what any of what they are doing actually means. Even if you do try and teach them the physical intuition behind things... the chances that they will listen to, retain, or care about any of the insight you have provided them could be quite slim...
Disclaimer: these are all my opinions, not facts in any way and not based on anything but my own (limited) experience of physics and physics education :)