Deaths and hospitalization rates are the two measures available to the US public to best assess Covid extent and severity.
Hospitalization rates are definitely down; see CDC's graph below. Mortality rates have held steady at 1000/day for the whole of the past month.
I have no data on how treatment patterns have changed over time in the US, except that ventilator use for Covid is uncommon now.
US hospitalization rates for Covid are now half what they were during the second peak in July.
US hospitalization rates for Covid are now half what they were during the second peak in July.
Per CDC: Weekly hospitalization rates among all ages first peaked during the week ending April 18 (MMWR week 16) at 10.1 per 100,000 population, followed by a second peak during the week ending July 18 (MMWR week 29) at 8.0 per 100,000 population. Data for the most recent weeks may change as additional admissions occurring during those weeks are reported.
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