After severely overestimating the impact COVID would have since Jan 2020 and being proven wrong several times I am going to go ahead and assume that the sky will in fact stay up this time. Yes many many more people will get sick but I do not believe it is going to result in too much of an impact. Seeing a lot of anectodical accounts of people in London and NYC saying there are very large numbers of sick people who basically have a cold, it is not like previous waves where tons of people were gravely ill. Hospitals are reporting a large increase in cases but those cases are not there because of COVID they just happen to have it. I'm more worried about interruptions to the supply chain from mandatory quarantines than I am the actual disease at this point. Hopefully I am not wrong again.
Even if you restrict the category to strictly 'patients admitted because of COVID' rather than 'just happen to have it', so far I don't see much evidence that it's milder than previous strains. It seems to be closely tracking the Delta strain.
(Mind you, I'm disappointed that a PhD would misuse an apostrophe the way this fellow does)