The media is profiting off this story big time. It's like when the plane went missing and a news station actually put some moron on the air who said there's technically a chance a black hole swallowed the plane. It's disgraceful, to be honest.
That said, it looks like the rate of fatalities is overblown significantly [0](0.2% in a healthy population (COMPARED WITH THE 3.4% NUMBER BEING SPOUTED ALL OVER THE PLACE). I've yet to see coverage that is remotely reputable about long-term health effects after recovery.
EDIT 2 - Case in point about premature statements being made.
> [1]“I think it is likely we’ll see a global pandemic,” said Marc Lipsitch, a professor of epidemiology at Harvard T.H. Chan School of Public Health. “If a pandemic happens, 40% to 70% of people world-wide are likely to be infected in the coming year. What proportion of those will be symptomatic, I can’t give a good number.”
followed by:
> [2]"Because I am now less certain of where the R0 will end up (and how it may vary geographically) I am going to revise downward the range of outcomes I consider plausible to 20%-60% of adults infected. This involves subjectivity about what range of R0 may turn out to be true."
[0] https://institutefordiseasemodeling.github.io/nCoV-public/an...
[1]https://www.wsj.com/articles/how-many-people-might-one-perso...