Is that mortality rate consistent across different underlying causes?
What % of people actually survive after being on a ventilator? Because I've seen various studies and anecdotes of this for C19 specifically, with results ranging from "basically no-one" to "80%, at least temporarily, but hardly anyone is actually out of hospital yet so maybe they're going to die later".
Beyond C19, this study suggests roughly something like 50% long-term survival IIUC: https://www.ncbi.nlm.nih.gov/pubmed/26003390
Ventilators are invasive things that themselves can do lung damage. Fairly common for people to choose not to go on them in end-of-life directives.
When things are not above capacity, mortality is 0.5% or less. After reaching capacity, mortality jumps 10x or more.
Age distribution can only account for variations within, at most, a factor of two.
When you still have ventilators, only a few very elderly/unlucky die...
So a country with 10,000 cases and 1,000 ventilators can have 20 deaths, and another with 10,000 cases and 500 ventilators might have 400 -- if of the 10,000 cases in both 520 need ventilator... (and some die, whether with ventilator or not, but many wouldn't if they had ICU/ventilator treatment).