Does underreporting really matter in the short term?
I think it does.
I think if you focus to much on a single group of people you run the risk of portraying false trends, false info etc.
As the numbers the government report end up all over media etc, people could get a false sense of what's truly happening. There could be 300 deaths in hospitals, people think that's not so bad, soon all be over... But there's 700 deaths out of hospital or of people that haven't been tested. Does that make sense?
Same as admissions, government spin the numbers and only report on ones in hospital with positive tests, potentially ignoring hundreds, if not thousands of Covid sufferers. Gives a false sense of what's really going on.