That .3% infection fatality rate is one-tenth the 3.4% IFR that was part of the scare numbers package used to bamboozle politicians into the lockdown hysteria. From Jacob Sullum at reason.com:
According to the Centers for Disease Control and Prevention (CDC), the current “best estimate” for the fatality rate among Americans with COVID-19 symptoms is 0.4 percent. The CDC also estimates that 35 percent of people infected by the COVID-19 virus never develop symptoms. Those numbers imply that the virus kills less than 0.3 percent of people infected by it—far lower than the infection fatality rates (IFRs) assumed by the alarming projections that drove the initial government response to the epidemic, including broad business closure and stay-at-home orders.
The CDC offers the new estimates in its “COVID-19 Pandemic Planning Scenarios,” which are meant to guide hospital administrators in “assessing resource needs” and help policy makers “evaluate the potential effects of different community mitigation strategies.” It says “the planning scenarios are being used by mathematical modelers throughout the Federal government.”
The CDC’s five scenarios include one based on “a current best estimate about viral transmission and disease severity in the United States.” That scenario assumes a “basic reproduction number” of 2.5, meaning the average carrier can be expected to infect that number of people in a population with no immunity. It assumes an overall symptomatic case fatality rate (CFR) of 0.4 percent, roughly four times the estimated CFR for the seasonal flu. The CDC estimates that the CFR for COVID-19 falls to 0.05 percent among people younger than 50 and rises to 1.3 percent among people 65 and older. For people in the middle (ages 50–64), the estimated CFR is 0.2 percent.