It can do if you configure it to

its not really "native" scrolling. (technically, it is, but obviously the commenter meant to have regular scrollback maintained client-side)

Then again the situation is no better with ssh, and tmux/screen work okay for that.

You can get native tmux scrolling on a mac with iTerm or Terminal.app: https://filippo.io/native-scrolling-and-iterm2/

This is NOT native scrolling. You still have to manually toggle "scroll-mode", get janky lag because of the screen redraws, and a redundant "selection cursor" that messes with inversions of the scroll direction.