Is this the end for NHS dentistry?

I received a letter from my dental practice to say from June they are no longer taking patients under the National Health Service scheme. I will have to take out a monthly payment insurance plan to cover the basics, i.e. annual check-up and two hygene appointments per annum. The reason? It seems our state-funded NHS doesn’t pay dentists enough, so most are moving over to privately funded schemes i.e paid by the patient. One of my objections: a good portion of what I pay will go to the directors/employees of the insurance scheme. 👎