Up until about a week ago, there was some correlation between cases and deaths. The percentage was alarmingly high, meaning if you were sick enough to get tested, you were dying at a pretty high rate.
Now that testing is increasing, positive cases are increasing as well, so the death percentage is decreasing. Unfortunately, in the short term, it will be harder to understand just how deadly this thing is. For a little perspective, if we have 1,150 deaths (today's number) and the death rate is equal to the flu (.1%) there are 1,510,000 cases out there.
Note my original post listed the death rate at .01%.