We are not anywhere near the point where the panic of this virus is worse than the potential outcome of the virus. If anything there is not ENOUGH strong movement being made.
In places where no aggressive action is taken, fatality rates are much, much higher (3-5%) — because otherwise treatable cases can not be treated, and the marginally more ill die for lack of treatment.
The difference between 0.9% and 3% of the US population (per Census.gov ~329 million estimate) is 6.9 million people.
https://medium.com/@tomaspueyo/coronavirus-act-today-or-peop...
You're completely correct that the rate is more like 3-5% in Iran, Italy, and probably the US at this rate.