This is NOT TRUE. I urge you to stop relying on the news and look at the literature that is being published in real time. I don't have time for a full response but 15% of cases require ICU care to survive. There are less than 100k ICU beds in the U.S. and the virus spreads 2-5x (R0 estimates from 3 up to 8 depending on source) more readily than SARS or MERS or the 1918 Spanish flu.
Now is the time to be alarmed. The media is behind, for understandable reasons, do not rely on them when in 2020 you have access to the same sources they do. The literature being publishes is almost universally grave. At this point anyone minimizing ncov by comparing it to regular flu is being irresponsible.