The majority of current cases are among young people and people working in closely confined workplaces. These people are less likely to die or be admitted to hospital because of their age, hence the low death rate.
However, many of those who would die of coronavirus are still taking strict precautions, socially distancing, not going into crowded areas, hand washing etc. Care homes and hospitals are still being extremely strict on visitors and PPE etc.
I’m not exactly sure what the OP wants to happen? By and large, most people can now go about their lives fairly normally, with a few restrictions on social distancing and masks etc. OP do you really think PPE in hospitals and care homes should be ditched, that track and tracing should stop, that extensive testing can stop, so that we can get back to “normal”? Because that’s what you seem to be suggesting.
There is no ‘media narrative of fear’. Journalists couldn’t care less whether people are scared or not. They are also people too and feel scared or not the same as everyone else. They want people to read their stories and the best way for a reporter to do this is to reflect and react to the public mood, which is what they are currently doing.
There has been extensive reporting of the current high rates Vs low hospital deaths.
The media cannot ignore negative stories about Covid because you think they should.