I wouldn't be too sure about that. Epidemiologsts are suggesting up to 70% of the worlds' population could be infected. With a 2% fatality rate, that's a 100 million deaths worldwide.
As someone in the threatened demographic, I need to care. I agree I do not need to panic, which is counterproductive to any response.
Apparently some German researchers are testing an existing vaccine for effectiveness. This could reduce the time to field deployment by some months if successful.
If you're in a threatened demographic, you should care about most strains of the flu, which kills and will continue to kill far more people than this particular version will end up killing. Those estimates are the most extreme of estimates and right now not in keeping with the trending fatality rate for the disease. A hundred fold increase in deaths over the next little while would still put it on the lower range of seasonal flu deaths worldwide.
Remember SARS, H1N1, Swine flu, Ebola? Yeah, me either. Sars had a death rate far higher than COVID-19, while not being transmitted as easily.
The best quote I've read lately is that the WHO should be renamed the World Hysteria Organization. The media has been incredibly irresponsible in the reporting of the disease and in keeping with today's news cycle, have focused almost entirely on the sensational aspects of the story. Talking about the 70,000+ people who have recovered from COVID-19, doesn't elicit nearly as many clicks.
Personally I think focus should be placed on how to protect compromised individuals, since this is the demographic where the vast majority of deaths are coming from. Death rates are so far 0% in people under 10 and between .2 and .4 in non geriatric adults, even without accounting for undetected asymptomatic cases.