Krauthammer on 'All hell's going to break loose'

Charles Krauthammer predicted Wednesday on "Special Report with Bret Baier"  that "all hell's going to break loose" if the administration can't fix the problems with the website by mid-March.

"Right now the insurers are guessing at the subsidy, so all of this is on the honor system and it can be wildly off," Krauthammer, a syndicated columnist and Fox News contributor said. "If they undershoot, the insurers are going to go bust. If they overshoot, the government is going to be stuck with a huge bill."

Krauthammer said it is clear "no one knows what's going on" as communication between the administration and insurance companies suffers due to the faulty ObamaCare sign-up website.

"You've got a train wreck coming," he said. "I think it's going to come out slowly, it's not all going to happen in one day, but I think they're in deep trouble and the deadline is mid-March. If they don't have this in place in mid-March, then there's going to be- all hell's going to break loose on this."