In 2018, there were 205,409 deaths among those over 70, and the 70+ population was 4,319,780. That means that ~4.76% of those over 70 years of age died that year (of all causes).
CDC's Current Best Estimate of Covid-19 IFR is 5.4% for those over 70%.
This aligns with official data demonstrating that the average age of a death by or with covid-19 is actually higher than life expectancy.
In short, the data suggests that covid-19 is not, on average, removing years or decades of life.
This also aligns with what we know about deaths that are attributed to covid-19 but not actually caused by covid-19.
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Here's the seasonal pattern of influenza and pneumonia in Ontario.
Look familiar?
Hospitalizations for influenza and pneumonia peak at 27/100,000 in January and hit trough at 11/100,000.
Multiplying by 147 to adjust for Ontario's population, that would be a range of 1,617 in August to 3,969 in January.
Could covid simply be displaying its seasonality? If that's the case, this isn't a second wave; it's autumn.
Look at the trend of covid-linked hospitalizations below - keeping in mind that we didn't have mass PCR testing for covid last winter, but ramped it up in the spring.
330 deaths by or with covid-19 from a population of 1,381,739.
So clearly, a lot of "cases" (positive test results) but very few deaths relative to the size of this urban area.
What about hospitals?
Trillium Health Partners, which operates two hospitals in Mississauga and one close by in Toronto, reports a staggering... 33 patients confirmed positive with covid-19.