In one particular sense, it is true that there are genetic elements of race and that some genetic diseases are more prevalent among those of one race than another. But once you start drilling down into what we mean by "race", it's not at all a simple picture. For one thing, there are almost no markers that are perfectly diagnostic for race—almost any particular polymorphism is found in almost every race, though at different frequencies. Furthermore, some of what naively you would consider a race (e.g. "Black" or "White") is composed of multiple, genetically distinct populations that are no more closely related to each other than to other populations not in that race.

So most serious geneticists have tended to move away from thinking of "race" as closely linked to genetics—the complicated contours of both population genetics and what we mean when we talk about race just don't fit together all that well, and coupled with a history of unethical policies justified by overly simplistic scientific knowledge in this field, it's best to be careful about the terms we use.