Assuming we caught every known case—which, of course, we did not. The death rate with widespread testing is closer to 1%, meaning either the virus is not as deadly as it was made out to be and/or there are a ★★★★load of false positives.
Considering the fiscal and political incentives for false positives, I would surmise that in some cases, at least, the verification process might be biased toward positive tests, and that treatment and isolation would put those patients with false positives not only in a position to be infected, but already with a condition which was not being treated with a presentation similar to the virus.
If you have a false positive, the very system which is supposed to save you might kill you instead (especially in the case of long term care facilities).
We know the numbers have been doctored with "presumed" COVID deaths, and that those who died with a positive test result from other causes have been counted among the victims of SARS-CoV-2, so there is no doubt that the numbers are inflated. We just don't know how much.
In the breakdown in this State (ND), there have been 88 total deaths with a positive CCOVID-19 test, ten of which tested positive but died of other causes. While the official COVID-19 count is 88, 11.36% of those did not die of the disease, but with it.
Even that roughly ten percent inflation of those whose COD is COVID is likely to under represent those who have been counted as killed by the disease but who died of other causes, especially in jurisdictions which appear heavily politically or fiscally motivated to inflate those numbers.