Veto threat looms over new SCHIP agreement

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The House and Senate have reached a tentative compromise on legislation that reauthorizes funding for a federal children's healthcare program. But the president is expected to veto it.

As a positive sign for nursing homes, the bill does not include revisions to Medicare, once included in the House version, that would have cut payments to facilities. Senior Democrats in the House and Senate said that Medicare revisions will be addressed in separate legislation later this year.

The compromise bill resembles the Senate's version. It provides the State Children's Health Insurance Program with an additional $35 billion in funding over the next five years, bringing total spending on the program to $60 billion. And instead of using cuts in Medicare the funding would come from an increase in the tobacco tax.