It is needed to get the r_o low enough that herd immunity is achieved at a lower % of population threshold (there is a clever mathematical proof showing why you don't need 100% exposure for this to happen)
Virulent coronaviruses usually burn themselves out without help. This one is more potent than the earlier ones, but if people are healthy they'll be fine.
[0] https://twitter.com/TaxiCabJesus/status/1328218514419662849