The problem comes when our medical system is overwhelmed by the number of serious cases. At present you will receive intensive care. Later, not so much. If this gets bad we will have triage tents outside hospitals. Old farts like me and those with pre existing conditions are probably only going to receive palliative care and have to take our chances. ICU and suchlike are for those they think they can save without too much effort.
The main issue is how we keep our economy ticking over and our infrastructure intact and functioning.
I don’t know, but I would guess the plan is to minimize social contact until we can get a vaccine. We “may” be lucky since last time I was involved with the science, CSL in Parkville had one of the very few vaccine production facilities in the world. You see, vaccines are not highly profitable because most of them are a one shot dose for poor people in third world countries. Most Pharma investment is focussed on profitable medical issues, ageing, hair loss, sexuality (viagra) and diseases of rich western lifestyles - obesity, diabetes, etc.