"The American model got us through the last 30 years."
Robber baron inequality levels, some romping good fun via foreign military and financial adventurism, not a little biosphere damage, and how's the middle class doing? A good exercise might be to take a walk by the Interstate and see how many homeless are living there.
"“Both are having a renaissance,” Schmidt said."
A renaissance? What long dead culture are we copying from in computing and biology? Or is this some new use of the term renaissance? If so, what does this use of renaissance mean? Feel-good technobabble? Other?
"political issues that are ultimately not that important...I’m not making a particular political point here"
Yes, they are. Yes, you are.
"more than just a medical bill"
Explain why Americans pay that big fat medical bill and yet only have life expectancies on par with Costa Rica? How exactly will throwing yet more tech at that wallet to see what sticks help (anything but Google's bottom line)?