Sorry this is not a "slightly worse flu". The "Spanish Flu" was both less virulent and less deadly and killed ~50 million world-wide. This is the mostly deadly pandemic since the "Black Death" of medieval times.
That's still a lot of people. America is ~330 million. 1% is more than 3 million. Assuming only 1/3 of Americans get infected, there could still be an upper bound of a million people dying (although it'll more like be 300k ~ 1m with all the efforts to spread out everything).
The fatality rate is 0.6% or so, and almost entirely focused on the very old or il.
https://ourworldindata.org/coronavirus#measuring-and-interpr...