It should also be said that the 1% rate for COVID-19 is probably too high because a lot of cases appear to be hardly symptomatic. The cruise ship had 3 deaths up until now, all over the age of 80.
Something wrong with your numbers.
> It infected 500 million people around the world,[2] or about 27% of the then world population of between 1.8 and 1.9 billion, including people on isolated Pacific islands and in the Arctic. The death toll is estimated to have been 40 million to 50 million, and possibly as high as 100 million
50-100M of those die, for a fatality rate of at 10 to 20%, not the 2% referenced in OP.
The GP's point stands, I think.
And when the case load is higher than what the health care system is able to handle, mortality jumps to 2% or higher.
Mortality is 100%...for the person that dies from it. And that 1% rate is so far, I hope we don't see what happens if 46 million people in USA get it and try going to the hospital.