As he promised, President Bush vetoes SCHIP bill.

As he promised earlier this year, President Bush has vetoed the extra funding for the State Children's Health Insurance Program or SCHIP -- his seventh in seven years (one was overridden), a remarkable feat -- finding "[t]his bill does not put poor children first, and it moves our country's health care system in the wrong direction," Bush's statement said. "Ultimately, our nation's goal should be to move children who have no health insurance to private coverage, not to move children who already have private health insurance to government coverage."

The SCHIP bill would have "increased federal funding for SCHIP by $35 billion over five years, to add an estimated 4 million people to the program that provides insurance coverage for children from families who earn too much to qualify for Medicaid but cannot afford private insurance. The joint federal-state program currently provides benefits to roughly 6 million people, mostly children."

Any thoughts?