https://www.cebm.net/global-covid-19-case-fatality-rates/
Which is in consistent with the data from a cruise ship where all people could be tested.
Which means 30k deaths not 500k. Still a lot I think.
Also pretty close to flu, which makes me distrustful of this mortality rate, seeing how different it looks in Italy now compared to seasonal flu.
I wish I could find the source for this (it was a medical paper) but I've read a lot of web pages lately and not bookmarked them all systematically.
Yesterday I pointed out that dramatic news of war-like conditions in hospitals, running out of beds, erecting tents to hold extra patients and warnings of imminent collapse have happened in the recent past in ... California:
https://news.ycombinator.com/item?id=22632440
If you look you can instantly find news stories that sound exactly like those coming out of Italy at the moment, but from recent years in flu season, for almost any country.
It's fair to say that hospitals running out of beds or putting people in corridors, tents, hastily converted rooms isn't unusual. Perhaps we should ask why there isn't enough peak capacity in western health systems to handle just a bad flu season, let alone something like this.
So you're engaging in pure speculation. Why do it, other than to create panic?
Hiding data, reality and/or lying to people leaves us all less prepared to take proactive steps to protect ourselves without over-spending or being caught under-prepared.
If some people panic because they can't handle reality, that's their own fault.