I do agree that the data will change as reporting improves, states internally audit results, testing gets better, etc. Especially because things get so crazy in areas that get largely hit. So I wouldn't disagree with this point, except deeper analysis doesn't support that thus far for COVID.
Anecdotally, I'm in the life insurance business (data analytics specifically). The risk reports I keep viewing are just not great. Our company has had more claims than projected. Our LTD/STD/AD&D business claims are up. Most of these companies assumed sick claims would stay flat for disability bc lockdowns kept people from injuring themselves. They're up 30% though - so many risk guys are wearing it right now. ha.
The Financial Times has been tracking excess mortality. It's not COVID diagnosed deaths. It's overall deaths by time period 2020 vs past years. If we're really overstating deaths or mistaking COVID deaths from other flu/respiratory/etc illnesses, than this should eliminate the noise. To further that, so many people were in lockdown in countries that you'd expect to see a drop in Non-COVID deaths due to accident reduction. Which we definitely saw in ER visit data.
But the numbers just aren't supporting this. Again it's not a closed case either way.
I just wouldn't bank on this becoming an event we massively overstated. We'll see how this turns up - if there's one thing we can definitely say if we don't have a 100% grasp of the impact of COVID. Nothing is final - we are learning daily. But I would say that people saying "they're calling everything a COVID death to juice the numbers" or "hospital mark everyone dying as COVID because it helps them get money" are just flat out wrong. (not that you're saying that). This point of view is dangerous and really shouldn't be taken seriously unless supported with evidence of specific crimes (because it would be criminal).
UK is up 50% above average through June 12th.
France up 24% as of June 7th
Germany up 6% as of May 24th
Netherlands up 31st - June 10th
Spain 56% - June 7th
US 25% - May 23
Peru up 141% - June 17
Ecuador up 112% - June 17
That US number reflects the Northeast getting hammered really. NJ up 113% as of May 30th. NYC up 251% May 30. These numbers are bonkers and dont' even account for the south/west yet.
Coronavirus tracked: the latest figures as countries start to reopen | Free to read