We're surpassing the fatalities by number, but the U.S. population is greater than it was in 1918. Percentages would be a better comparison, but I guess that doesn't create the desired (sensationalist) effect.
"A new study suggests that almost half of those hospitalized with COVID-19 have mild or asymptomatic cases."
https://www.theatlantic.com/health/archive/2021/09/covid-hos...
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3734171/
A graph is included, which drives the point home:
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3734171/figure/...