Yes, it seems likely you heard claims like this from the "news" outlets you follow. That's what what I've heard from another forum in a "Why do people believe COVID-19 conspiracy theories?" thread about the source of this. https://www.mediamatters.org/coronaviru ... d-new-data seems to confirm that.
Yet https://www.cnbc.com/2020/07/01/officia ... finds.html
https://jamanetwork.com/journals/jamain ... le/2767980 seems to indicate the opposite, that COVID-19 death numbers are actually substantially undercounted.
Even if we discount deaths, you can't ignore hospitals and ICUs filling up.