Earlier quoted context omitted.
I now feel much less happy than I did. "Significant increase" could mean anything. A risk ratio of 1.49-1.85 is a huge increase. These conditions are rare but not that rare. Now I should be twice as worried about them? Oosh. Will someone at least tell me that Omicron's not so bad?
1.5 is a small increase, particularly when the baseline probabilities are small (as they are here). For context, a "big" increase would be something like smoking, where the effect sizes are measured in HR multiples of ten.
If, year after year, people who suffered covid in 02020 and 02021 continue to have 1½–2× the risk of developing pericarditis or stroke or congestive heart failure or all these other health problems, or if people keep getting covid every year, well, because of the high lifetime base rates of those problems, that would be a bigger health problem than anything since before AIDS, bigger than smoking, maybe bigger than anything since the Black Plague.
On the other hand, if, say, 1.8% of people develop ischemic heart disease in the year following covid, while 1.1% of people without covid do, and then in the following years they don't get covid again and the hazard rate declines to the base rate of 1.1% per year or whatever, that's still a significant public health problem, but it's not nearly as big as the people covid killed outright.
(Those numbers are from Supplementary Table 3 in https://static-content.springer.com/esm/art%3A10.1038%2Fs415...: "COVID-19 burden" of 18.47 cases of "Ischemic heart disease" at 12 months, and "Contemporary control burden" of 11.19. The other supplementary information is at https://static-content.springer.com/esm/art%3A10.1038%2Fs415... and https://github.com/yxie618/longCVD.)
Though I'm no virologist, I don't know of a plausible mechanism by which covid could cause people to get ischemic heart disease, pulmonary embolisms, etc., after 5 or 10 or 20 years of not having covid. More likely, what's happening is that people who haven't fully recovered from covid are getting blood clots, and that's damaging their organs and sometimes killing them, but after a few months they do fully recover and so these problems stop — unless they get covid again.
Given that we now have numerous effective vaccines and a few effective palliatives, it seems likely that even though covid has become endemic, people will be able to avoid suffering this level of damage year after year. But I have to admit it's an open question.