That's not what this report says:
www.timesofisrael.com/top-official-israel-in-final-stages-of-covid-showing-world-an-exit-strategy
Top official: Israel in ‘final stages’ of COVID, showing world an exit strategy
Ex-virus czar says with a quarter of population having received 1st shot, country seeing clear evidence vaccine is working; number of seriously ill over 60 drops sharply
Excerpt
“We got used to seeing that 2.5% of the seriously ill were over sixty, that has suddenly dropped,” Gamzu said.
At least 75% of the population over 60 has received at least one shot already, indicating that the vaccine was already having an effect, even though its impact was only expected to come after the second dose.
“This 1.5% is unprecedented, I have not seen this throughout the whole period. The vaccine has a clear effect,” he said. “This shows the beginning of the end.”