The Hill had an editorial predicting the resurgence of SCHIP in September and the possibility that President Bush's veto of the measure could be overridden:
In January, 42 House Republicans voted for the override of Bush’s veto on SCHIP. Since then, the political climate has soured for the GOP, and there are three Democrats who replaced Republicans in special elections this year. It’s also fair to assume that more Republicans will vote for SCHIP in September.
If this happens it may not be the worst thing in the world. The current SCHIP legislation isn't quite as bad as it was in its earlier forms. And if Sen. Obama is elected and SCHIP reauthorization takes place on his watch, we're likely to see an even worse bill.
If Senator McCain is elected I would not be surprised if he would sign a "generous" SCHIP bill into law, too. McCain's record in the Senate has shown him to be a fan of expanding government's reach on health care, notwithstanding his halfway-decent health care platform today. Perhaps it may be best to settle for a pretty horrible bill today instead of a reallly awful bill next year.