No... you have it wrong. Both sets of numbers are in comparison to the control group. It’s not “among infected, there was a 98.9% reduction in hospitalization”— it was a sum total reduction of 98.9%
Which is quite consistent with a 98.5% reduction in infection.
And quite consistent with the charts and raw numbers of vaccinated people in Israel still hospitalized. (I posted the raw numbers yesterday).
You’re an order of magnitude off.
From a recent analysis in Israel:
“Among the vaccinated individuals, 31,810 tested positive for SARS-CoV-2 and 1,525 were hospitalized or died”
So 1 in 20 positive cases in vaccinated individuals still end up hospitalized or dead.
Now, there are FAR fewer positive cases among the vaccinated. So that leads to far fewer hospitalizations and deaths. But it’s not a 98% reduction with another 98% improvement multiplied on top of that. It’s a single 98% improvement.