@Darian Wolfe
If I'm wrong please inform me and set my reasoning straight.
If you're going to accuse me of being non caring and insist that any rational person should be terrified. I ask you for your SPECIFIC rational logic with empirical facts, if you have them, as to why this is so. Because I just don't understand.
I've asked myself the same question.
I'm a numbers guy. Used to be what I did for a living, i.e. economic modeling. So the question interests me even in retirement. Make that especially in retirement as I'm in two of the five categories for enhanced risk of death if I contract it. What I found out seemed to confirm that this "pandemic" is not being hyped.
To wit, the CDC estimates for influenza this season (thru March 23) is as follows:
Infections โ 39-55 millions
Medical Visit, i.e. see a doctor โ 18-25 millions
Hospitalizations โ 400-730 thousands
Deaths โ 24-63 thousands
The reason for the range is that these numbers are not direct measurements but model estimates so these are (apparently) lower and upper confidence limits. Not sure if two or three standard deviations are used but no matter. The CDC uses models to estimate all of the above from data voluntarily provided them from the medical community from all over the country. Additionally, the current pandemic doesn't appear to be included (if I'm interpreting the reporting correctly) as the CDC considers it a respiratory illness and not an influenza. And the model estimates are updated as more data is acquired so they may change. In either direction.
All that said, the following can be gleaned from these estimates (using upper limits):
16.7% infected (using 331 million in the denominator),
45.5% of those required a doctor's visit,
2.92% of those required hospitalization (assuming all saw a doctor first), and
8.6% of those died, and
0.1% of those infected died.
The infectious rate, btw, is the same reported to date on testing for the Wuhan virus (also known as the Coronavirus and, somewhat irreverantly, as the Kung Flu) in the population. Note that this is a direct measurement. Dr. Birx reported results in one of the daily news conferences when the number of tests approached 1 million that approximately 15% were positive for the virus. For those who don't know, Dr. Birx is the response coordinator of the U.S. government's Coronavirus Task Force. That infectious rate is quite close to the flu's infectious rate.
One other point to mention. Those numbers above are not for the complete season. I'm not sure when it officially ends but beginning of summer is a reasonable expectation. So we may end up matching the horrendous 2017-2018 season when hospitalizations were between 750 thousand and 1 million.
What does that leave me with? My thoughts are:
55,000 is a helluva lot of deaths, but
since only 1 in 5250 in the population die from the flu,
I'm not much worried about dying from it (even got a flu shot).
But what about the Wuhan flu? I'm not bothered by the infection rate as it's similar to the flu. I am bothered by the mortality rate. I've been tracking that daily from the John Hopkins website and it's been increasing as more cases are reported. It started at around 1.4% and is now almost double that at around 2.7%. If that rate holds, it's at least 25 times the (already unacceptable) death rate of the flu. Doing the math, it comes out to 1.375 million deaths, assuming other parameters, i.e. infectious rate, remain the same. Ooops.
There is some hope that the rates are overstated as asymptomatic carriers aren't included. Tests were being administered only to those with severe symptoms. The asymptomatic cases are the ones with the virus that don't feel poorly enough to get tested or contact a doctor. If they are included, that denominator can increase substantially thereby lowering the death rate.
If these death rates were baked in already, i.e. prior to current mitigation efforts (social distancing, emphasis on hand washing, facial guards when out of your residence), that's one thing. What if it isn't? Up to two weeks ago, evidence suggests that it wasn't. Remember the Spring Breakers down in Florida? Or certain politicians touting Chinese New Years celebrations in their respective cities? And certain local politicians comparing Wuhan to the common cold? A little slow off the starting line, were we? Frankly, I thought all of that bordered on foolish and in the case of the politicians almost criminal malfeasance. You expect irrational dangerous behavior from kids, but not adult politicians. Of whatever party.
But the real kicker here is that this pandemic is on top of the already present influenza epidemic. And, yes, the flu is an epidemic even if caused by a multiple number of viruses. I mean, 55,000 is a lot of deaths. And these are deaths that can be avoided in a lot of the cases.
So, yea, I think we have a right to be scared. Of both of them. I'll remain so unless the numbers tell me otherwise.