I guess you have to look at the curve of hospitalizations. Here it doesn't look like its leveling off yet.
https://www.oha.com/Bulletins/COVID-19%20Capacity%20Slides%2011%20Jan%202022%20(002).pdf
If you look at New York, it does look like their curve is starting to slow down
https://coronavirus.health.ny.gov/daily-hospitalization-summary