No, because the virus takes time. Survivors aren't "survivors" until they've recovered, so they reflect the people who "would have been" critical cases maybe 10-15 days ago. But 10-15 days ago the number of cases was (depending on which doubling statistic you use) 4x-32x smaller than what it is today.
Exponential growth messes everything up, basically. All our intuition about how things work tends to be wrong in subtle ways.