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Hoover-affiliated physician Scott W. Atlas wrote:

More importantly, it was never a policy goal to eliminate all cases of COVID-19. That is impossible, unnecessary and illogical, when 99 percent of infected people have no significant illness from it.

I suspect this one of those carefully crafted, politically minded pieces that is true for some definition of "significant" (which he does not define), but possibly misleading in some other sense. (Atlas et al. are also somewhat famous for claiming that the lockdown has killed more people in the US than Covid-19.)

But to focus on my question, for what definition of "significant" is that quoted statement true?

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Edited to correct misunderstanding of the question (thank you, @Tobias Fritz.)

According to the CDC, 2,886,267 people in the US have tested positive for SARS-CoV-2, of which 129,811 have died (which is likely a conservative number).

That means that 4.5% of infected persons die from the infection (129811 is 4.4975395554188% of 2886267.)

You ask

...for what definition of "significant" is that quoted statement [that 99 percent of infected people have no significant illness from it] true?

It would need to be more significant than death for that statement to be true, since the death rate exceeds 1% by about 4.5 times.

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    This seems to answer a totally different question, namely whether less than 1% of the total US population have had significant illness from covid, while the question asks whether at most 1% of infected people have significant illness (and the US is not explicitly mentioned in the question itself). Jul 6 '20 at 12:17
  • @TobiasFritz - Good catch. Jul 6 '20 at 18:42
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    Still not right? While the CDC numbers are somewhat imprecise (it should be clear that 'only posPCR'≠case, although some do count in that botched way), your calculation seems to be for CFR, yet you (and Atlas) speak of infections (IFR). The 'death-risk' or IFR is substantially lower than the CFR rate, variously estimated at 0.1/0.3/1%. Lot of arguing over the exact numbers, how to count, other factors, etc, but "4.5%" is most certainly too high. Aug 11 '20 at 16:54
  • @LаngLаngС - Sounded too high to me as well, but I ran numbers from several sites (CDC, WHO, Hopkins, etc.) and all came out about the same. Obviously subject to change. In any case, an IFR of 1% would make the statement invalid. Ifr doesn't take into account those who didn't die but who were/still are "significantly" ill. Aug 11 '20 at 18:41
  • Your part in bold isn't under criticism ;) – But do you have any reliabl numbers on 'significantly ill', at all, I see some hospitalisation, some ICU, some ventialtion, and death. But when I had it I was ill, quite unwell ill, for a few days, quarantined at home. I did not search too deep into this, only at my own local district level, but I feel that such numbers aren't properly counted or coded anywhere? Aug 12 '20 at 7:15

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