Okay, tell me why our health care system is supposedly being overwhelmed, if not for panic? With only 1,175 "Serious, Critical" active cases in the US, I don't know for sure, but my guess is that if all of these were in New York City, they would probably be able to handle them...if not in the city, I'm sure in the Greater New York area.
Even across the world, it is tracking with similar proportions. Although, the ratio of total cases to active cases seems to be wider. Does this mean we have seen the world-wide peak? Time will tell on this, I guess. But, if we have, it would track very similarly to Influenza time frames.