Firstly, even though I doubt your number a bit, even a 1/200 chance of death is mighty high enough for most people to seek treatment for something.
Secondly, if you're already infected, the pill is probably less risky than those 1/200.
Thirdly, the chance of death isn't equal for everyone. A healthy young person might have a 10x reduced risk, while an older person with an existing condition a 10x increased risk. So at least for one of them the new medicine is clearly worth trying.
The risk doubles every 7 years so it's going to be ~18x between generations, and much greater beyond that. Those who are old and have existing co-morbidities are really pushing the difference as severity of disease is strongly correlated with number and severity of co-morbidities.
Edit: ~18x, not ~30x. It's late here, I can't calculate 2 to the power of 4 without a calculator until I sleep, wake up, and have a strong coffee.
Realistically, re-infection is going to become more and more of a thing. Especially as it mutates.
Also, the current mortality rate overall in the USA for Covid is less than 0.1% - in fact it's less than 0.02%. 46M confirmed cases, and 751k deaths (not all confirmed to be caused by COVID)...
It floors me to see so many not internalizing what that means.
Pfizer said 0.8 percent of patients who got the drug combination within three days were hospitalized within four weeks — three out of 389 patients — compared to 7 percent of patients who got placebos, or 27 out of 385. And seven of those who got placebos died, Pfizer said. No one who got the treatment died within a month.
https://nymag.com/intelligencer/2021/11/pfizers-new-covid-pi...