Anyway, I'm going to address a different issue. ... You really think you take a 17 year old straight out of high school level education and in four years they are a medical doctor? That's interesting ...
On your first point; most people don't use most of what they learn in college once they leave it. This is substantially less true of medicine than many other fields. At the same time most doctors do a pretty thorough job of forgetting math and physics and a reasonable job of forgetting chemistry.
When people talk about the "end" of higher education they mean an end to the thousands of psychology, communications, liberal arts type degrees. We will still have universities and phd's but not kids taking on thousands in debt so universities can build massive new building and sports arenas.