re: 1 in every 500 US residents have died of Covid-19

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Yes, but that alone isn't noteworthy since the average number of people in the 65+ category also increases annually. The 65+ population in the U.S. grew by over a third (34.2% or 13,787,044) during the past decade, and by 3.2% (1,688,924) from 2018 to 2019.

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That’s not good analysis either. The number of expected deaths is usually last year plus around 30-60k. Adding 400,000 to the totals isn’t “expected ecause a lot of people are old.”