Doesn't the degree of coronapanic seem a little disproportionate to its severity? Maybe it's just inherently difficult to tell people to be scared, but not very scared?
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1) The panic is more the 20% of people who need to breathe oxygen for a few weeks. And need hospital beds. 2) It wouldn't be a meaningful panic if we could assume containment was competently handled. I think we've got a bit of evidence pointing the way of "not so competent"
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The first is bad because the US is somewhere around 35th or so in hospital beds/capita. Once you run out of beds, you have a serious problem - because you don't heal so well outside of actual treatment.
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Many do not die because they are in the hospital. Worth worrying about on behalf of impoverished and vulnerable who do not have access to hospitals or support. Also health workers seem to be vulnerable.
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I don't know. The Spanish Flu had an estimated CFR of 2-3%, and was a pretty big deal. If the 2% rate holds, and we don't slow the spread effectively, it has the potential to be as serious as that.
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I'm actually much more worried about the 10% that need hospitalization. We don't currently have anywhere near the medical capacity for that. We need to slow the spread to keep our medical infrastructure from being overwhelmed.
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