That doesn't sound accurate. The human eye's resolution is in the tens if not hundreds of megapixels [1] with high sensitivity (meaning the compression isn't very lossy so the bits of information remain). Even if you assume only a few frames per second that's far more than 11 megabit/s.
Human vision is more complicated than that, there is some "compression" happening at the eye. But yes, it's almost certainly more than 11 megabits, more likely around a few dozen just for the eyes: https://link.springer.com/chapter/10.1007/978-3-642-04954-5_...
[1] https://clarkvision.com/articles/eye-resolution.html