Dre,
Seen as you are keen to use the USA as an example, I will too. Under the CARES act, private hospitals get an additional 20% for COVID patients, and uninsured COVID patients are paid for by the federal government. If you think that's lost of private hospitals with shareholders and unconnected to the figures you quote, I have a car you might be interested in. Back to Australia, and many of those that have perished from COVID did so because of the poor controls over those caring for the elderly in care homes, the large majority having multiple underlying conditions (a family member included).
I am no tin hat wearer; COVID is real, and it kills the vulnerable. But maybe we should have moved to protect the vulnerable rather than running around like Chicken Little and closing all the borders and stuffing up the economy for decades; for most of us, we have a >99% chance of survival.
If your at 36,000 feet and you have a problem with the plane, you don't stop flying.