Evaluating the free market by comparing it to the alternatives (We don't need more regulations, We don't need more price controls, No Socialism in the courtroom, Hey, White House, leave us all alone)
"There are at least three main ways that Omicron looks substantially milder than other versions of the virus:
1. Less hospitalization
Somebody
infected with Omicron is less likely to need hospital treatment than
somebody infected with an earlier version of Covid.
An analysis of
patients in Houston, for example, found that Omicron patients were only
about one-third as likely to need hospitalization as Delta patients. In
Britain, people with Omicron were about half as likely to require
hospital care, the government reported. The pattern looks similar in
Canada, Emily and Azeen note.
Hospitalizations are nonetheless rising in the U.S., because Omicron is so contagious that it has led to an explosion of cases.
Many hospitals are running short of beds and staff, partly because of
Covid-related absences. In Maryland, more people are hospitalized with
Covid than ever.
“Thankfully the Covid
patients aren’t as sick. But there’s so many of them,” Craig Spencer,
an emergency room doctor in New York, tweeted on Monday, after a long
shift. “The next few weeks will be really, really tough for us.”
The
biggest potential problem is that overwhelmed hospitals will not be
able to provide patients — whether they have Covid or other conditions —
with straightforward but needed care. Some may die as a result. That
possibility explains why many epidemiologists still urge people to take
measures to reduce Covid’s spread during the Omicron surge. It’s likely
to last at least a couple more weeks in the U.S.
2. Milder hospitalization
Omicron
is not just less likely to send somebody to the hospital. Even among
people who need hospital care, symptoms are milder on average than among
people who were hospitalized in previous waves.
A crucial reason appears to be that Omicron does not attack the lungs
as earlier versions of Covid did. Omicron instead tends to be focused
in the nose and throat, causing fewer patients to have breathing
problems or need a ventilator.
As Dr.
Rahul Sharma of NewYork-Presbyterian/Weill Cornell told The Times,
“We’re not sending as many patients to the I.C.U., we’re not intubating
as many patients, and actually, most of our patients that are coming to
the emergency department that do test positive are actually being
discharged.”
In London, the number of
patients on ventilators has remained roughly constant in recent weeks,
even as the number of cases has soared, John Burn-Murdoch of The
Financial Times noted.
3. And deaths?
In
the U.S., mortality trends typically trail case trends by about three
weeks — which means the Omicron surge, which began more than a month
ago, should be visible in the death counts. It isn’t yet:
Data as of Jan. 3.Credit...Source: New York Times database
Covid
deaths will still probably rise in the U.S. in coming days or weeks,
many experts say. For one thing, data can be delayed around major
holidays. For another, millions of adults remain unvaccinated and
vulnerable.
But the increase in deaths
is unlikely to be anywhere near as large as the increase last summer,
during the Delta wave. Look at the data from South Africa, where the
Omicron wave is already receding:
South Africa reported identification of Omicron on Nov. 24.Credit...Source: Johns Hopkins University
The bottom line
Given the combination of surging cases and milder disease, how should people respond?
Dr. Leana Wen, Baltimore’s former health commissioner, wrote a helpful Washington Post article in which she urged a middle path between reinstituting lockdowns and allowing Omicron to spread unchecked.
“It’s unreasonable to ask vaccinated people to refrain from pre-pandemic
activities,” Wen said. “After all, the individual risk to them is low,
and there is a steep price to keeping students out of school, shuttering
restaurants and retail shops and stopping travel and commerce.”"
"Before Omicron, a typical vaccinated
75-year-old who contracted Covid had a roughly similar risk of death —
around 1 in 200 — as a typical 75-year-old who contracted the flu. (Here are the details behind that calculation, which is based on an academic study.)
Omicron
has changed the calculation. Because it is milder than earlier versions
of the virus, Covid now appears to present less threat to most
vaccinated elderly people than the annual flu does.
The
flu, of course, does present risk for the elderly. And the sheer size
of the Omicron surge may argue for caution over the next few weeks. But
the combination of vaccines and Omicron’s apparent mildness means that,
for an individual, Covid increasingly resembles the kind of health risk
that people accept every day."
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