Does Verizon plan to get price competitive with up and coming t-mobile?

With all this competition from t-mobile, who has cheaper pre-pay plans for services, does verizon have any plans to make their service more affordable? I love the service and the coverage but hte bills are very high for my family. I know someone with a t-mobile phone, same brand as my android. They get talk, text and internet for about $20 less per line. I prefer Verizon for the coverage and customer service but the prices are tempting. Any news that V may get monetarily competitive?

Verizon was never one to be in the competitive pricing market so it's doubtful.
With that said, they did just come out with a new data plan on the share everything and there is speculation that could lead to changes in pricing for higher tiered data plans so we can only hope

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