The mortality rate is nowhere near that high. They are

Posted on: March 16, 2020 at 12:35:59 CT

still reporting that a vast majority of people who catch this will be asymptomatic or have very mild symptoms. Those people are not counted because we have no idea how many there are but estimates are around 80%. That would drop that 7.6% down to less than 1.5% and when the final tally is in I suspect it will be well south of 1%.

Your number would be comparable to calculating flu mortality rate only from those that were hospitalized with the virus. That is only a tiny minority of all flu cases.