Yeah, pretty much. There are other examples of this where something harmful appears to be helpful when you don't take into account possible selection biases (like being put into the 'non-cancer death' category); for example, this is an issue in smoking - you can find various correlations where smokers are healthier than non-smokers, but this is just because the unhealthier smokers got pushed over the edge by smoking and died earlier.
Here's another installment of rationality quotes. The usual rules apply: