We examine some economic consequences of hospitalizations using an event study approach in which we link about one million individuals with a (non-pregnancy related) hospital admission to a 10-year panel of their consumer credit reports. For prime-age adults with health insurance, we find that hospital admissions increase unpaid medical bills, reduce access to credit, reduce borrowing, and increase bankruptcy rates. For uninsured, prime-age adults, we find much larger impacts on unpaid medical bills and bankruptcy, but similar effects on access to credit and borrowing; for elderly (65+) adults, we find impacts only on unpaid medical bills. Our results reject the null hypothesis that prime-age adults with health insurance are fully insured against adverse economic consequences from hospital admissions, and suggest an important role for uninsured income consequences in explaining this finding. Under a range of different assumptions, we estimate that for prime-age adults with health insurance, less than 20 percent of the adverse economic consequences from a hospital admission are due to uncovered medical expenses, as opposed to uninsured income consequences. We estimate that hospital admissions are responsible for 3 percent of the bankruptcies for insured, prime-age adults, and provide suggestive evidence that they experience average annual consumption declines of about 1-2 percent in the four years following a hospital admission.