The most important part of Covid (and most vexing) is this: what is the IFR?

CFR measures recorded cases but what everyone wants to know is how likely are they to die?

Since Feb, I’ve argued with @CT_Bergstrom and many others on this

The answer appears to be…not very likely
Let’s start on a high level: There have been 13M cases & 262k deaths (CFR = 2%). Two problems

1. Testing was woefully inadequate. We didn’t hit 1M daily tests till 7/24. We still haven’t hit 2M

2. We meticulously track daily #s but deaths lag cases by 10-14 days
OK let’s tackle problem #2 first: Giving deaths 2 weeks to catch up:

Summer wave
Cases – 4,334,820 (from 6/14 – 9/10)
Deaths – 76,868 (from 6/28 – 9/24)
CFR – 1.8%

Fall Wave
Cases – 4,448,485 (from 9/11 – 11/10)
Deaths – 56,653 (from 9/25 – 11/24)
CFR – 1.3%
So what jumps out?
1. The CFR in fall wave is 28% *lower*

2.Cases are rapidly accelerating: we got the same number of cases in 2/3 of the time

…so is CFR lower b/c of more testing, better therapies or both? Probably both. But our inability to say for sure is the issue w/ CFR
The best modeler @youyanggu thinks the higher tests positivity, the GREATER prevalence of Covid.

e.g., If positivity is 2%, the true cases are 10x higher

Thus, current positivity rate of 9% means cases are ~18x higher than reported (!!)

The implications here are staggering
Through May, NYC had 200k cases but the NYT reports that (in April!) 20% of NYers had Covid

That is an undercount of 10x in real vs. reported

Some ranges nationally:

10x reported = 130M cases (IFR = 0.2%)
7x = 91M (IFR = 0.3%)
5x = 65M (IFR = 0.4%) https://www.nytimes.com/2020/04/23/nyregion/coronavirus-antibodies-test-ny.html
...all to say north of 60M Americans have had Covid w/ deaths <275k

The chances of dying from Covid are 0.2 - 0.5%. The same odds of giving birth to twins

Be extremely cautious around ppl >65, don't be reckless, but...those are the #s
Addendum: in case I wasn’t crystal clear, Covid is much deadlier for old ppl

The CFR for those over 65 is 9%.

I am simply presenting the numbers & possibilities of IFR. But do not be cavalier around seniors
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