Because of the exponential expansion of the disease. They looked forward a week and saw potentially 10k bodies in their richest region and flinched
The 1% death rate is only if you can take care of everybody. We don't know how many in the general population will need oxygen if they get this, but it could be in the millions. Do we have millions of tanks of compressed oxygen?
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Also, as ambulance systems are overwhelmed people begin to die at home.
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