I believe they raised it already in Canada last month or so. Honestly, I don't mind if it means we end up getting more great content as a result from the price rise. But they canceled damn near all of the Marvel shows which I really enjoyed (and many others did as well), so I'm still sorta optimistic but I dunno.
Disney has their stuff launching at the tail-end of 2019, and from what I've seen, they've got some pretty interesting stuff coming out on there, so that might give Netflix some decent competition. Star Wars and Marvel is bound to bring people in, and if they manage to get the Netflix Marvel series revived on that platform, that's a huge win.
Truth be told, I'm all for the competition. Just like with consoles, it makes the industry strive to improve. As long as it's healthy and we as consumers win at the end of the day with decent monthly prices with a library that's deserving of the price, I don't think many will care. But, it's a slippery slope because as soon as they start breaking out the streaming bundles, we're only a hop skip and a jump away from it essentially being cable all over again -- only this time, you just don't feel restrained by what you watch and when you watch it. Then again... Maybe that's the future anyway.