One of the best ways to counter this tactic is to call for slip screens. The slip action don't require for the big man to have to set his feet before diving to the basket. His movement will cause help defenders in the lane to rotate. Then you can take advantage of the scrambling with timely and accurate kickout passes to the open man. The key is that you have to find the right player to pass the ball to the moment he's open while the other three defenders away from the ball haven't recovered.
One thing I would look to do in this scenario as the ballhandler is to try to turn the corner where the big man defender is hedging and get into the lane, then observe if the ballhandler's man continues to follow/trail behind. Now the hedging big will likely not allow me to turn the corner which is my first preferred option (get into the lane and make a play). But a lead icon pass to the screensetting big may be wide open for a midrange jumpshot off the catch. This is a type of scenario where a good screensetter and capable jump-shooting type bigs like Brad Miller come in handy.
The two defenders at the ball will begin to guard your pick & roll plays straight up if you burn that "trapping the ballhandler" tactic often enough with a lethal pick & pop action. Then it becomes a matter of finding out whether or not the two defenders on the ball are switching assignments on screens.
Kruza