It doesn't seem that SCHIP reauthorization will be happening this year:

Advocates of reauthorizing and expanding SCHIP "are warily training their eyes on next year with a mix of anticipation and anxiety" as it seems unlikely that there will be another vote on the legislation during the current congressional session, CongressDaily reports. Congressional Democrats recently said they will not hold a vote on SCHIP legislation this year, citing an inability to override a promised veto by President Bush. In January, the House fell 15 votes short of overriding Bush's veto of SCHIP legislation, CongressDaily reports.

Given the views of both Barack Obama and John McCain, I'd wager that Congressional Democrats will generally get their way on SCHIP legislation when it is finally reauthorized.

Interestingly, some liberal advocates are concerned that because of a delay in SCHIP reauthorization, some states "may decide to forgo expansion." If only. States like Maryland and Ohio have expanded their programs even without state money being available to pay for them. Does anyone really think they care about the status of federal reauthorization? They will expand their programs and then blame the feds for standing in the way of helping "the children."