What happens to the State Children's Health Insurance Program (S.C.H.I.P.) while the bill is being vetoed?

When watching the news today on C-SPAN, Bush talked about how congress misinturpreted the bill he had sent over. It discusses the improvement on the State Children's Health Insurance Program. Bush says that he planned to help more children with the eligability issues and to make it so more children could enroll. However, congress had taken that to mean that enrollement eligability was the main problem. So the current proposal they offered was to raise the eligability to families who make up to $80K. Bush now wants to veto this bill... Now, my questions are: 1.) What happens to people who are already enrolled in S.C.H.I.P. durring the time the veto is being promulgated? 2.) Is there going to be a tax increase when this is transpired? 3.) Are the benefit packages that come along with S.C.H.I.P. to be changed when the new bill is passed? 4.) (Is there even going to be a new bill passed?) and lastly 5.) The current bill redifines the age of 25 to be the yield, will this age change?
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The Senate bill is safe, recently passed with a bipartisan vote of 68-31, this majority was more than enough to overcome the veto repeatedly threatened by Mr. Bush. It's the bill passed by the House that will prove troublesome, it's much more expensive and the vote was much closer than the senate bill, however Congress will likely reconcile both bills into a more passable one. Since the State administers the health insurance program then there will continue to be some difference between them regarding the criteria. The bill will pass because it fulfills the promise made by Bush at the Republican National Convention on Sept. 2, 2004. "America's children must have a healthy start in life," Mr. Bush said then. "In a new term, we will lead an aggressive effort to enroll millions of poor children who are eligible but not signed up for the government's health insurance programs. We will not allow a lack of attention, or information, to stand between these children and the health care they need."
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